LETTER | Economic cheers can turn into tears if Covid-19 situation persists
Modified10 May 2021, 10:00 am
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LETTER | Just when the economy has been crunching good actual numbers for the country, the daily Covid-19 infection is ballooning this past one month - first in the 1,000s, then 2,000s, followed by 3,000s and 4,000s on Friday (May 7) and Saturday (May 8).
It’s good that yesterday (May 9), it’s back to the 3,000s - 3,733 new cases to be precise.
On the economic front, the latest figures released by the Department of Statistics (DOSM) shows unemployment rate for March declined by 0.1% to 4.7% with the number of unemployed persons declined by 24,400 persons to 753,200 persons as compared to February’s 777,500 persons or a 4.8% unemployment rate.