Malaysia’s labour productivity as measured by value added per employment in the second quarter this year (Q2 2022) went up 5.5% to record RM23,322 per person, compared with RM23,124 per person in the previous quarter.
Based on the Labour Productivity, Second Quarter 2022 report released by the Department of Statistics Malaysia (DoSM) on Thursday (Aug 18), employment went up 3.2% to a total of 15.7 million persons.
“Labour productivity in terms of value added per hour worked improved 1.3% year-on-year, while total hours worked went up 7.5% to 8.9 billion hours.
“This was in tandem with the expansion of the country’s Gross Domestic Product (GDP) at 8.9%, compared to 5% in the last quarter,” the report added.
By economic activities, the services, manufacturing and construction sectors registered positive growth of labour productivity per employment during the quarter by 7.5%, 4% and 2.9% respectively.
Only the services sector posted a growth of 4% in terms of labour productivity per hour worked, while all sectors recorded increases in total hours worked.
“Meanwhile, the rise in number of employment occurred mainly in manufacturing, services, and mining and quarrying sectors by 4.9%, 4.2% and 1.8% respectively,” the report detailed.
- The Edge Markets