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

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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