Unemployment rate falls to 3.3% in February

KUALA LUMPUR: Malaysia’s unemployment rate fell to 3.3% in February 2018, down 0.1% from the previous month, said the Department of Statistics (DoS).

On year-on-year (y-o-y) comparison, the unemployment rate in February 2018 was also 0.2% lower than a year ago, according to the February 2018 Labour Force Statistics report released today.

The DoS said the number of labour force increased 0.3% in February 2018 to 15.23 million from 15.19 million a month earlier.

On the labour force participation rate in February 2018, the department said it remained unchanged at 68.2% compared with that of the previous month.

“On y-o-y comparison, the labour force participation rate in February 2018 increased 0.4% from the same month a year ago,” it said.

It added that 31.8%, or 7.11 million of the working-age population (15-64 years), were outside the labour force in February 2018, up from 7.07 million in the previous month.

“The group comprised housewives, students, retirees and those who were not interested to work,” it said.