Malaysia’s labor productivity improves 3.8 pct year on year in Q3

KUALA LUMPUR, Nov. 17– Malaysia’s labor productivity as expressed in terms of value added per hour worked improved 3.8 percent year-on-year in the third quarter as the country’s gross domestic product further expanded at 14.2 percent, official data showed Thursday. Malaysia’s total hours worked went up 10 percent to 9 billion in the third quarter, the…

KUALA LUMPUR, Nov. 17 (Xinhua) — Malaysia’s labor productivity as expressed in terms of value added per hour worked improved 3.8 percent year-on-year in the third quarter as the country’s gross domestic product (GDP) further expanded at 14.2 percent, official data showed Thursday.

Malaysia’s total hours worked went up 10 percent to 9 billion in the third quarter, the Department of Statistics Malaysia said in a statement.

Labor productivity as measured by value added per employment rose 10.1 percent, as total employment increased 3.6 percent.

Total employment in the third quarter was 15.8 million.

In terms of level, labor productivity by value added per hour worked was 42.5 ringgit (9.33 U.S. dollars), while value added per employment was 24,241 ringgit (5,325 dollars). Enditem

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