Latest news with #StatisticsoftheLabourForceMalaysia
The Star
2 days ago
- Business
- The Star
Unemployment rate at 10-year low
PUTRAJAYA: Malaysia's unemployment rate dropped from 3.1% in March to 3% in April, the lowest in 10 years, according to the Statistics of the Labour Force Malaysia for April 2025 released by the Statistics Department. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the number of unemployed persons decreased by 0.7 percentage points to 525,900 persons in April this year, compared to 529,600 persons in March. 'The country's promising economic position has contributed to stable progress in labour force during the April, with an increase in the number of employed persons and higher labour force participation rates, while unemployment continues to decrease,' he said in a statement yesterday. He said the labour force continued its upward trend in April, increasing by 0.2 percentage points to 17.34 million persons compared to 17.31 million persons in March. 'Consequently, the labour force participation rate rose by 0.1 percentage points to 70.8% compared to 70.7% in March, indicating more labour participation,' he said, Bernama reported. In terms of the economic sector, Mohd Uzir said the services sector remained a key driver of employment growth, particularly in wholesale and retail trade, accommodation, food and beverage services, as well as transportation and storage activities. He added that positive trends were also recorded across the manufacturing, construction, agriculture, as well as mining and quarrying sectors. Mohd Uzir said the unemployment rate for youth aged 15 to 24 was unchanged at 10.3% in April, with 298,300 unemployed youths. He said the number of persons outside the labour force rose by 0.2 percentage points to 7.17 million persons in April compared to 7.16 million persons in the preceding month, mainly due to housework and family responsibilities accounting for 43.7%, followed by schooling and training at 41.1%. Mohd Uzir said the country's labour force is anticipated to remain optimistic and expand in the coming months, bolstered by strong economic policies and stable domestic demand. 'Despite the global geopolitical tensions, Malaysia's labour force is seen to remain resilient due to stable unemployment, the growing services sector and technology, as well as an increasing investment in digitalisation and automation,' he added.
Sinar Daily
2 days ago
- Business
- Sinar Daily
Malaysia's unemployment rate hits 10-year low at three per cent in April
The number of unemployed persons decreased by 0.7 per cent to 525,900 persons in April 2025, compared to 529,600 persons in March. 11 Jun 2025 04:03pm The services sector remained a key driver of employment growth, particularly in wholesale and retail trade, accommodation, food and beverage services, as well as transportation and storage activities. - 123RF photo PUTRAJAYA - Malaysia's unemployment rate drops from 3.1 per cent in March to three per cent in April, the lowest in 10 years, according to the Statistics of the Labour Force Malaysia for April 2025 released by the Department of Statistics Malaysia (DOSM) today. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin stated that the number of unemployed persons decreased by 0.7 per cent to 525,900 persons in April 2025, compared to 529,600 persons in March. The number of labour force continued its upward trend in April, increasing by 0.2 per cent to 17.34 million persons compared to 17.31 million persons in March. - Bernama file photo "A promising country's economic position has contributed to stable progress in Malaysia's labour force during the month, with an increase in the number of employed persons and higher labour force participation rates, while unemployment continues to decrease,' he said in a statement. He said the number of labour force continued its upward trend in April, increasing by 0.2 per cent to 17.34 million persons compared to 17.31 million persons in March. "Consequently, the labour force participation rate rose by 0.1 percentage points to 70.8 per cent compared to 70.7 per cent in March, indicating more labour participation in the market,' he said. In terms of the economic sector, Mohd Uzir stated that the services sector remained a key driver of employment growth, particularly in wholesale and retail trade, accommodation, food and beverage services, as well as transportation and storage activities. He said positive trends were also recorded across the manufacturing, construction, agriculture as well as mining and quarrying sectors. Mohd Uzir said the unemployment rate for youth aged 15 to 24 years was unchanged at 10.3 per cent in April 2025, with 298.3 thousand unemployed youths. He said the number of persons outside the labour force rose by 0.2 per cent to 7.17 million persons in April compared to 7.16 million persons in the preceding month, mainly due to housework and family responsibilities accounted for 43.7 per cent, followed by schooling and training reasons at 41.1 per cent. Mohd Uzir said the country's labour force is anticipated to remain optimistic and expand in the coming months of this year, bolstered by strong economic policies and stable domestic demand. "Despite the global geopolitical tensions, Malaysia's labour force is seen to remain resilient due to stable unemployment, the growing services sector and technology, as well as an increasing investment in digitalisation and automation,' he added. - BERNAMA
