Malaysia’s labour force rate soars to 68.7%

Malaysia’s labour force rate soars to 68.7%

KUALA LUMPUR: The labour force participation rate in Malaysia for the month of September this year increased 0.1 percentage point to 68.7% as compared to the previous months, said the Department of Statistics Malaysia.

It also saw an increase of 0.2 percentage points as compared to Sept 2018, which was 68.5%.

The Department of Statistics Malaysia, in a statement, reported that the number of labour force in September this year rose 2.0% against September 2018 to 15.75 million persons.

During the same period, the number of employed persons also increased 2.0% to 15.23 million, it said.

The unemployment rate in the September remained at 3.3% since May, while the number of unemployed in September was 521,400 persons, an increase of 0.2% from the previous month.

According to the department, there are 7.16 million people who are of the working age, but are outside the workforce in September.

” A total of 31.3% of the working age population (15 to 64 years) were outside the labour force which comprised housewives, students, retirees and those not interested to work,” it said.

Bernama


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