Msia’s unemployment rate decreased in Nov 22.
According to the most recent labour force data released by the Statistics Department (DoSM) today, the number of unemployed Malaysians fell from approximately 602,000 in October 2022 to 600,900 in November 2022.
The latest figures show the unemployment rate at 3.6%, the same as in October.
Meanwhile, the labour force participation rate increased from 69.7% to 69.8%, resulting in an increase in the number of employed people from 16.68 million to 16.71 million.
Except for unpaid family workers, all employment categories saw monthly increases. Apart from unpaid family workers, the employment categories included “employees”, “own-account workers”, and “employers”.
In October 2022, 7.24 million people were classified as “outside the labour force,” with 43.1 percent engaged in housework or family responsibilities and 41.3 percent enrolled in school or training.
According to DoSM, the number of employed people has been steadily increasing since August 2021, at a rate of about 0.2% per month.
