Malaysia's Job Loss Trend Remains Under Control, Says Economy Minister

The trend of job losses in Malaysia is currently under control, with 6,197 individuals recorded as having lost their employment as of June 22. This number constitutes approximately 0.04% of the total working population, according to the Minister of Economy, Akmal Nasrullah Mohd. Nasir.

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The trend of job losses in this country remains under control, with 6,197 workers recorded as having lost their jobs as of June 22, involving approximately 0.04 percent of the total working population.

Nasrullah noted that this figure represents a 20% decrease from the 7,766 workers who lost their jobs in May. Simultaneously, efforts to resettle workers into new positions are showing positive progress. The MYFutureJobs portal, as of June 12, 2026, recorded a 55% increase in placements, rising from 12,119 people in April 2026 to 18,756 people. This brings the total number of job placements for 2026 to 62,644.

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Until June 12, 2026, MYFutureJobs recorded an increase in placements of 55 percent, from 12,119 people in April 2026 to 18,756 people.

These statistics were shared during a question-and-answer session in the Dewan Rakyat, in response to a query about the government's mitigation measures through the National Economic Action Council (MTEN) to address job losses and business downsizing amid global economic uncertainty. Nasrullah stated that the figures include job seekers from the MYFutureJobs portal and beneficiaries of the Employment Insurance System. He asserted that the government's interventions provide not only temporary support but also help affected workers return to work more quickly.

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This makes the total number of job placements for the year 2026 as many as 62,644 people.

The Minister highlighted that the integrated interventions implemented over the past four months have maintained a resilient and controlled labor and business market throughout the first and second quarters of 2026. As of April 2026, the national labor force increased to 17.33 million people, with the employed population growing to 16.82 million. The labor force participation rate remained stable at 70.9%, unchanged from the previous month, reflecting the current stability of economic activity.

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Based on the integrated interventions implemented in the past four months, the labor and business market landscape remains resilient and under control throughout the first and second quarters of 2026.