: The labour market is on a steady path to recovery with the unemployment rate in the country showing a downward trend with only 600,900 in November 2022, compared to 602,000 in October 2022, said the Department of Statistics Malaysia .in a statement today said the unemployment rate remained at 3.6 per cent, claiming the positive outlook was because of the development of current economic activities in the country.
He said the labour force kept increasing in November 2022 with an addition of 0.2 per cent month-on-month to 16.71 million persons compared to 16.68 million in October, while the labour force participation rate rose by 0.1 percentage points to register 69.8 per cent . He also said that the employee's category, which covers 75.8 per cent of the total employed persons, continued to record 12.21 million persons, an increase of 0.1 per cent in Nov 2022 from Oct 2022 12.20 million persons, adding that the self-employed categories are also on an upward trend, with an increase of 0.5 per cent to 2.85 million persons.
Mohd Uzir noted during the same month the unemployment rate for youth aged 15 to 24 edged down by 0.2 per cent to 11.9 per cent, recording the number of unemployed youths at 329,300 persons in comparison to 337,200 thousand in Oct 2022.