MP SPEAKS | Three economic 'shields' needed to help 1m unemployed M'sians

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MP SPEAKS | Three economic 'shields' needed to help 1m unemployed M'sians
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1 million M'sians expected to be unemployed as of September, including 350k fresh grads and 200k returnees.

MP SPEAKS | One million unemployed Malaysians by September requires three economic "shields" costing RM31.4 billion to save jobs and livelihood, comprising RM1,000 monthly aid, an extension of the bank loan moratorium by another six months as well as work hiring incentives for employers and employees.

With the unemployment rate at 4.9 percent or 773,200 in June 2020, Human Resources Minister M Saravanan said that as of September, the number of job seekers in the country could rise to one million.

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