Early sign of economic recovery visible, says PM

The drop in unemployment rate as seen in June is an early sign that the government's economic recovery efforts are beginning to bear fruit, said Prime Minister Tan Sri Muhyiddin Yassin.

Referring to the latest (June) statistics from the Department of Statistics Malaysia, he said the unemployment rate in the country in general last month dropped to 4.9 per cent compared to 5.3 per cent in May this year.

As for the unemployment rate among youths aged between 15 and 30 years, the prime minister said the statistics also showed a decrease to 9.7 per cent in June compared to 10 per cent in May this year.

"Alhamdulillah, this is an early sign that our economic recovery efforts are beginning to show results," he said at the opening of the National Youth Day 2020 celebration at Persada International Convention Centre here, today.

Muhyiddin hoped that various efforts in regard to such positive developments would be kept up, to ensure that the youth are also on track in the economic recovery of the country that has been devastated by the COVID-19 pandemic.