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Malaysia's unemployment rate stands at 4.2 pct in January

  • Sun Online Desk
  • 9th March, 2022 04:24:21 PM
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Malaysia's unemployment rate stands at 4.2 pct in January

The number of unemployed in Malaysia declined further to 680,400 persons, registering an unemployment rate of 4.2 percent in January 2022, official data showed on Wednesday, Xinhua reported.

The labor force situation continued to improve in January 2022, led by the continuous rise in employment while unemployed persons trended down, the Department of Statistics Malaysia (DOSM) said in a statement.

According to the DOSM, the number of unemployed declined further by 1.1 percent in January 2022 from 687,600 persons in December 2021.

Meanwhile, the number of employed persons rose by 0.2 percent to 15.69 million persons from 15.65 million in December 2021, registering a higher employment-to-population ratio at 66.2 percent in January 2022.

Consequently, the labor force increased by 0.2 percent to 16.37 million persons from 16.34 million in December 2021, resulting in the increase in January's labor force participation rate to 69.1 percent as compared to 69 percent in December 2021.