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Unemployment in Malaysia increased from 521,400 in June 2019 to 524,800 in July 2019, according to latest statistics from the Department of Statistics, Malaysia (DOSM). This represents a 0.7% month-on-month increase.
Despite that, the Key Statistics of Labour Force for July 2019 revealed that unemployment rate remained at 3.3%, dropping slightly when compared to July 2018.
Apart from that, the labour force participation rate decreased by 0.1 percentage point as compared to the previous month (68.6% in June 2019 to 68.5% in July 2019).
That said, the number of people in the labour force increased 0.3% month-on-month, from 15.66mn to 15.70mn. During the same period, the number of people employed also increased 0.3% from 15.13mn to 15.18mn.
Additionally, it was revealed that a total of 31.5% of working age population (15-64 years old) were outside the labour force. This comprised of housewives, students, retirees, and those not interested to work.