Over 100k re-employed under Socso's placement programme

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PARLIAMENT| 120,926 job seekers from 372,934 registered with the Social Security Organisation (Socso)'s Re-Employment Placement programme during the lockdown period have been re-employed.Human Resources Minister M Saravanan (above) also said Malaysia's unemployment rate has recorded a downward trend with this month's rate expected to be 4.5 percent.The official unemployment rate for September was 4.6 percent, meaning 737,500 people were out of jobs.He was responding to Ahmad Jazlan Yaakub (BN-Machang) who asked about the number of job losses as a result of the conditional movement control order (MCO) enforced since Oct 14 to contain the third wave of Covid-19 outbreak nationwide.Malaysia has been under various forms of MCOs since March and Saravanan said the impact from business shutdowns to the labour market peaked in May with the highest unemployment rate of 5.3 …