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Case Study Assignment Eco415 ( (Macroeconomics)

The unemployment rate in Malaysia continued to decrease in January 2023, dropping to 3.6% as 596,100 people were unemployed compared to 599,600 in December 2022. The chief statistician attributed the downward trend in unemployment to the country's improving economic conditions and the expanding global economy. The number of employed persons rose slightly to 16.16 million in January, with the services, manufacturing, construction, and agriculture sectors all seeing employment gains.

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178 views2 pages

Case Study Assignment Eco415 ( (Macroeconomics)

The unemployment rate in Malaysia continued to decrease in January 2023, dropping to 3.6% as 596,100 people were unemployed compared to 599,600 in December 2022. The chief statistician attributed the downward trend in unemployment to the country's improving economic conditions and the expanding global economy. The number of employed persons rose slightly to 16.16 million in January, with the services, manufacturing, construction, and agriculture sectors all seeing employment gains.

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Dayat Hidayat
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© © All Rights Reserved
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CASE STUDY ASSIGNMENT MACROECONOMICS (10%)

Fewer unemployed persons in January 2023


PUTRAJAYA: The number of unemployed persons in Malaysia continued to decrease in
January this year with a reduction of 0.6 per cent to 596,100 persons compared to 599,600
persons in December 2022, according to the Statistics of Labour Force Malaysia. It said
Malaysia's employment rate in January this year remained at 3.6 per cent.
Commenting on the statistics, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said in
January, the country's labour market continued on an upward trend following the current
improvement of the country's economic position, in keeping with the expansion of the global
economy.
Therefore, he said the number of the labour force in January has improved further,
increasing by 0.2 per cent month-on-month to 16.76 million persons compared to 16.73
million persons in December 2022.
The labour force participation rate during the month remained at 69.8 per cent. "The positive
scenario was contributed by an increase in the number of employed persons, whereas the
number of unemployed persons continued to decrease," he said in a statement.
Mohd Uzir said the number of employed persons in January further increased by 0.2 per
cent month-on-month to record 16.16 million persons compared to 16.13 million persons in
December 2022.
On the employment situation, he said the employees' category accounted for 75.7 per cent
of the total employed persons in January 2023 as it recorded a marginal increase of 0.1 per
cent, reaching a total of 12.24 million persons compared to 12.23 million persons in
December 2022.
"A similar trend was observed in the own-account workers, with an increase of 0.6 per cent
to record 2.88 million persons (December 2022: 2.86 million persons)," he said.
In terms of the economic sector, Mohd Uzir said the number of employed persons in the
services sector continued to increase, largely in wholesale and retail trade; food & beverage
services; and administrative & support service activities. A similar trend of employment was
also observed in the manufacturing, construction and mining & quarrying sectors, as well as
in the agriculture sector, he added.
Source: Bernama, 9 March 2023

Answer all questions.


a. Define unemployment. How to calculate the unemployment rate.
(4 marks)
b. What factors made an upward trend of labour market in January?
(2 marks)
c. Based on paragraph 4….. “ The labour force participation rate during the month
remained at 69.8 per cent”, what do you understand about labour force participation rate
and why its remained at 68.9%?
(3 marks)
d. Based on the article identify the primary sector, secondary sector and tertiary sector in
Malaysia which employed person were actively involved.
(2 marks)
e. Explain the types of fiscal policy and monetary policy that can be used to reduce
unemployment.
(5 marks)
f. Discuss any two (2) types of unemployment.
(4 marks)

END OF QUESTIONS

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