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These latest statistics revealed a labour force participation rate of 68.5%, a 0.1 percentage point (pp) increase from the previous month (68.4%), and a 0.4 pp increase year-on-year (68.1%).
Further, the labour force population increased from 15.46 million in November 2018 to 15.50 million in December 2018; and rose 2.3% against the same month in 2017 (15.15 million).
Despite the increase in the labour force participation rate month-on-month, Malaysia’s unemployment rate remained at 3.3%. In fact, year-on-year, the number of unemployed people stood at 514,200 at the end of Q4 2018, 1.7% higher than that in Q4 2017.
However, the number of employed people rose 2.4% from December 2017 (14.64 million) to December 2018, at 14.99 million.
As for the number of people of working age between 15-64 years old, a total of 31.5%, or 7.12 million, were outside the labour force in December 2018.
View the summary in the full infographic below:
Lead image / iStock
Infographic / DoSM