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DoSM: Malaysia’s labour force participation rate dipped in Nov 2018



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On 15 January 2019, Malaysia’s Department of Statistics (DoSM) released its key labour force statistics for November 2018.

The statistics highlighted the following key points for HR leaders to note:

#1 Labour force participation rate dips slightly

Labour force participation rate for November 2018 stood at 68.4% – a 0.1 percentage point (pp) drop as compared to the previous month. However, the rate increased by 0.5pp year-on-year. Further, the population making up the labour force increased by 2.5% – from 15.08 million in November 2017 to 15.46 million in November 2018.

Priya-Jan-2019-Malaysia-labour-force-stats-November-2018-DoSM-PARTICIPATION

#2 Unemployment rate remains steady

The rate of unemployment in November 2018 remained at 3.3%, on the same level as in October 2018 and November the previous year. This represents a total of 516,200 unemployed people, a 0.6% month-on-month increase and 2.2% increase from November 2017. During the same period, the number of employed people also increased 2.5% to 14.94 million.

 

Priya-Jan-2019-Malaysia-labour-force-stats-November-2018-DoSM-unemployment

 

Further details are as follows:

In total, 31.6% of the working age population (aged 15 to 64), or 7.15 million people, were outside the labour force. These included students, housewives, retirees and those not interested to work.

Priya-Jan-2019-Malaysia-labour-force-stats-November-2018-DoSM-working-age-population

View the full infographic here

Priya-Jan-2019-Malaysia-labour-force-stats-November-2018-DoSM

ALSO READ: Key statistics of Malaysia’s labour force in August 2018

Lead image / 123RF

Infographic / DoSM

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