Tengku Zafrul says unemployment rate not as bad as other countries

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Tengku Zafrul Aziz says the government was targeting to create 500,000 new jobs this year.PETALING JAYA: Finance minister Tengku Zafrul Aziz said Malaysia’s unemployment rate of 4.8% in February was better when compared with other countries.Speaking during a “Bicara Naratif” interview with RTM, he said the unemployment rate has improved from 5.3% in May last year.He especially cited the Philippines, which has an unemployment rate of 8.7%, India with 6.9%, and the US with 6.2%.According to Tengku Zafrul, Malaysia was not the only country that had faced an economic slump in 2020.“If we look at 2020, there were actually 150 countries, that faced a contraction. This is not a Malaysian economic crisis, this is a global economic crisis.“What’s important is through the national employment council, we are trying our best to reduce the unemployment rate in the country,” he said, adding…