Malaysia unemployment rate stays at 3.2% in November
The jobless rate in Malaysia was reported at 3.2% in November, down from 3.3% in the same month of 2023.The rate has remained at its lowest level since January 2020 for a fourth month in a row.The num
The jobless rate in Malaysia was reported at 3.2% in November, down from 3.3% in the same month of 2023.
The rate has remained at its lowest level since January 2020 for a fourth month in a row.
The number of unemployed persons went down 4.0% year-on-year to a five-month low of 546,700 in November, data by the Department of Statistics showed.
And, the number of employed persons rose 1.9% year-on-year to a fresh record of 16.75 million in November.
In the meantime, Malaysia’s labor force participation rate rose to 70.5% in November from 70.1% a year ago.
The USD/MYR currency pair settled 0.16% lower at 4.4930 on Friday. For the week, the exotic currency pair remained little changed.
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