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Malaysia: Job Trends in the Business and Consumer Services Sector (October 2023 - January 2024)

Industry: Business and Consumer Services
Current: Other Industry Indicators

The number of active job postings in the Business and Consumer Services sector of Malaysia decreased by 3.21% MoM, and increased by 13.34% since October 2023, reaching 875 active job postings in January 2024.
A total of 292 new jobs were posted in January 2024, witnessing a decrease of 10.15% as compared to the previous month. On the other hand, 321 jobs were closed in the same month implying that companies took out 12.77% fewer jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 1.68% and the number of jobs closed increased by 8.08%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 0.56%, the number of active job postings observed a growth rate of 4.26% and the number of jobs closed observed a growth rate of 2.62%. Between October 2023 and January 2024, the average number of jobs posted stood at 327, number of jobs closed stood at 302 and number of active jobs stood at 874.