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US – Dec Employment Report
13/01/2020 10:02 am MYT
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Non-farm payrolls increased by 145,000 in Dec, while job gains in the previous two months were revised downwards by 14,000 – see figure 1. As shown in table 1, the increase in employment was mainly from the service-providing industries.

In Dec, the headline unemployment rate was steady at 3.5%. The labour force participation rate was also unchanged at 63.2%. The average hourly earnings in Dec rose to US$28.32 from US$28.29 in Nov, climbing by 2.9%, year-on-year. Meanwhile, the average workweek was unchanged at 34.3 hours.

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Note from Publisher
In conjunction with the 2024 Labour Day celebration, Malaysia’s prime minister announced a salary hike of more than 13% for civil servants, involving an allocation of more than RM10 bln. However, the salary adjustment, which is expected to take effect in Dec, is not automatic. Civil servants who are lazy and non-performing will not enjoy the salary hike. Civil service is often considered as an iron rice bowl. Ironically, due to this feature, civil servants are generally not the most motivated and efficient.

A major weakness of Malaysia’s economy is poor implementation. The country is not short of ideas and economic plans. Yet, poor implementations have seriously weakened the impact of government policies. Tying rewards with performance is essential to enhance the quality of Malaysia’s civil service.

Meanwhile, the discipline should be extended to parliamentarians, including Cabinet ministers, who habitually skip parliament sessions. Lawmakers, whether in the government or the opposition camps, are paid by taxpayers’ money too. They should serve the people diligently by actively participating in the discussion of issues that affect the people and the country’s future. Those who do not perform should not receive the same reward as those who do.
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