Industry News

Malaysia’s unemployment rate drops to 3.4% in June, the lowest in three years

Malaysia’s jobless rate fell to 3.4 per cent in June, the lowest since March 2020, supported by a resilient domestic economy, said the Department of Statistics Malaysia (DOSM) on Thursday (Aug 10).

The number of employed persons in June rose with a month-on-month increase of 0.2 per cent to 16.3 million, while the number of unemployed persons fell to 581,700. Labour force participation in the country climbed to 70 per cent.

As for the number of employed people, this figure continued trending upwards, with a month-on-month rise of 0.2 per cent to nearly 16.9 million in June.

In June, the employment-to-population ratio, which indicates the ability of an economy to create employment, held steady at 67.6 per cent.

All economic sectors saw an increase in hirings in June, with the services sector taking the lead with more people employed in food and beverage service; wholesale and retail trade; transportation and storage activities.

The number of people outside the labour force remained at 7.2 million persons, with the top reasons being family responsibilities, schooling and training.



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