Lower commodity prices, capital outflow, slowdown in external demand and China-related financial volatility increased uncertainties in the local economy in the first half of the year. These external factors are likely to continue to dominate economic performance in Malaysia.
More Jobs in the Market
Hiring activity recorded a steep improvement in the first three months of 2016. The Monster Employment Index, generated by global online employment solution Monster.com, saw regained momentum in March 2016 after shrinking for the previous five months. Despite negative growth of 11% in its online hiring between March 2015 and March 2016, the index recovered by about 35% in February-March 2016 (Figure 1).1 This was largely attributed to the strong recovery in hiring in retail; banking, financial services and insurance; IT and telecommunications; and logistics and shipping industries.
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