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https://en.syok.my/news/unemployment-rate-falls-3-1-low-in-a-decade
Malaysia's unemployment rate has reached its lowest level since 2015, standing at 3.1% or approximately 544,000 unemployed individuals.
According to Berita Harian, Malaysia’s Chief Statistician, Datuk Seri Dr Mohd Uzir Mahidin, stated that the nation's economy demonstrated resilience and robust growth as 2024 drew to a close, "As a result, the labour market also performed well, with the unemployment rate continuing to decline in December 2024.
"Employment levels remained stable, and the number of unemployed individuals continued to decrease. Consequently, the labour force in December 2024 followed an upward trend, increasing by 0.1% to 17.32 million people, bringing the labour force participation rate (LFPR) to 70.6%, compared to 70.5% in the previous month," he said.
Mohd Uzir added that the number of employed individuals in December 2024 continued its positive trend, reaching 16.78 million, reflecting a 0.2% increase.
Meanwhile, the number of unemployed individuals decreased by 0.4% compared to November 2024, dropping from 546,700 to 544,300 people, "The unemployment rate in December fell to 3.1%, marking the lowest level in nearly a decade.
"Malaysia’s economy remains on a positive growth trajectory in 2024, supported by strong economic performance despite ongoing external uncertainties," he said.
With these encouraging figures, Malaysia’s labour market appears poised for continued stability and growth in the coming months.
Malaysia's unemployment rate has reached its lowest level since 2015, standing at 3.1% or approximately 544,000 unemployed individuals.
According to Berita Harian, Malaysia’s Chief Statistician, Datuk Seri Dr Mohd Uzir Mahidin, stated that the nation's economy demonstrated resilience and robust growth as 2024 drew to a close, "As a result, the labour market also performed well, with the unemployment rate continuing to decline in December 2024.
"Employment levels remained stable, and the number of unemployed individuals continued to decrease. Consequently, the labour force in December 2024 followed an upward trend, increasing by 0.1% to 17.32 million people, bringing the labour force participation rate (LFPR) to 70.6%, compared to 70.5% in the previous month," he said.
Mohd Uzir added that the number of employed individuals in December 2024 continued its positive trend, reaching 16.78 million, reflecting a 0.2% increase.
Meanwhile, the number of unemployed individuals decreased by 0.4% compared to November 2024, dropping from 546,700 to 544,300 people, "The unemployment rate in December fell to 3.1%, marking the lowest level in nearly a decade.
"Malaysia’s economy remains on a positive growth trajectory in 2024, supported by strong economic performance despite ongoing external uncertainties," he said.
With these encouraging figures, Malaysia’s labour market appears poised for continued stability and growth in the coming months.