KUALA LUMPUR: Malaysia’s unemployment fee fell to three.3 per cent in November 2023 and returned to pre-Covid pandemic ranges, with 569,200 unemployed individuals registered, official information confirmed on Wednesday.
Malaysia’s Statistics Division stated in a press release that the nation’s labor power efficiency has improved in November 2023, indicating optimistic development of the present financial system, with the variety of employed individuals persevering with to develop, Xinhua information company reported. is rising, whereas unemployment has declined additional. News company.
In accordance with DOSM, the labor power energy recorded a rise of 0.2 per cent month-on-month to 17 million in November 2023.
The labor power participation fee in November 2023 remained at 70.1 %, the identical as within the earlier month.
In the meantime, the variety of individuals employed in November 2023 continued to extend by 0.2 % month-on-month, reaching a complete of 16.43 million individuals in comparison with the earlier month.
DOSM expects Malaysia’s labor market to stay in a robust place within the coming months, in step with the nation’s rising financial efficiency.
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