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In July 2018, 518,600 people were found to be unemployed in Malaysia, latest data from the Department of Statistics, Malaysia (DOSM) found.
That said, the unemployment rate remained the same as June 2018, at 3.4%. As compared to July 2017, however, a drop of 0.1 percentage point was registered.
DOSM also found a 0.1 percentage point increase in labour force participation rate from 68.5% in June 2018 to 68.6% in July 2018. Year-on-year, the labour force participation rate increased by 0.9 percentage points (July 2017: 67.7%).
As of July 2018, 15.40 million people are in Malaysia’s labour force – a 2.6% increase against July 2017. At the same time, the number of employed people increased by 2.7% year-on-year, after registering 2.4% growth from June 2018 to July 2018.