PUTRAJAYA (July 12): Malaysia’s unemployment rate has dropped slightly to 3.3% in May from 3.4% in April this year, according to the Monthly Principal Statistics of Labour Force.
Commenting further, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that the number of unemployed persons recorded for the month of May was 519,800, which was a 0.7% drop from a month ago.
He said the labour force participation rate in May, which has been stagnant at 68.5% since February 2019, had increased by 0.1%, compared to the same month last year (68.4%).
“The number of labour force recorded in May this year had also risen by 1.9 per cent to 15.64 million people, compared to May last year,” he said in a statement here today.
During the same period, Mohd Uzir explained the number of employed persons had also increased by 1.8% to 15.12 million people. — Bernama