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what is the labor market in malaysia?

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The labor market in Malaysia is diverse and dynamic, with a mix of skilled and unskilled workers across various sectors. The country has a population of approximately 32 million people, and the labor force participation rate is around 68%.

The Malaysian labor market is divided into three sectors: the primary sector (agriculture, forestry, and fishing), the secondary sector (manufacturing, construction, and utilities), and the tertiary sector (services). The tertiary sector is the largest employer, accounting for over 60% of the workforce, followed by the manufacturing sector at around 20%.

In recent years, Malaysia has been focusing on developing its high-skilled talent pool by investing in education and training programs. The government has also implemented various initiatives to attract foreign talent and encourage entrepreneurship, particularly in the technology sector.

However, like many other countries, Malaysia has been affected by the COVID-19 pandemic, which has resulted in job losses and reduced demand for labor in certain sectors. The government has implemented various measures to support workers and businesses during this challenging time, including wage subsidies and financial assistance.

Overall, the labor market in Malaysia offers a range of opportunities for workers with different skill levels and backgrounds. However, job seekers may face competition in certain sectors, and it is important to stay up-to-date with the latest job market trends and requirements to remain competitive.

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