Malaysia unemployment rate unchanged at 3.3% in May
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Malaysia’s unemployment rate in May 2018 remained at 3.3% for four consecutive months, according to the Statistics Department.
Year-on-year, the unemployment rate fell by 0.1 percentage point as compared to 3.4% in the same month of 2017, the department said in a statement today.
“Number of unemployed persons recorded a total of 504.8 thousand persons, decreased 0.5% against May 2017,” it added.
On a seasonally adjusted month-on-month basis, the unemployment rate in May 2018 remained at 3.3% as compared to the previous month.
Meanwhile, the department said that labour force participation rate in May 2018 increased by 0.2 percentage points to 68.4% as compared to the previous month.
Year-on-year showed that the labour force participation rate increased by 0.6 percentage points, it added.
During the same period, employed persons increased 2.8% after registering 2.6% growth in the previous month.
As at May 2018, the country’s labour force stood at 15.4 million.
Questions & Answers
Q.What was the total number of unemployed people in Malaysia during May 2018?
What was the total number of unemployed people in Malaysia during May 2018?
In May 2018, the number of unemployed persons recorded a total of 504.8 thousand. This figure represents a 0.5% decrease when compared to May 2017.
Q.How did the labour force participation rate in Malaysia change year-on-year in May 2018?
How did the labour force participation rate in Malaysia change year-on-year in May 2018?
Year-on-year, the labour force participation rate in May 2018 increased by 0.6 percentage points. The rate for May 2018 was 68.4%.
Q.What was the total size of Malaysia's labour force in May 2018?
What was the total size of Malaysia's labour force in May 2018?
As of May 2018, the country's labour force stood at 15.4 million people. This includes both employed and unemployed individuals.
Q.How did the unemployment rate in May 2018 compare to the previous year?
How did the unemployment rate in May 2018 compare to the previous year?
The unemployment rate in May 2018 was 3.3%. This represented a 0.1 percentage point fall when compared to the 3.4% recorded in May 2017.
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