Msia’s unemployment falls to 3.3pc

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

On year-on-year comparison, the unemployment rate was also 0.2 per cent lower than a year ago, according to the February 2018 Labour Force Statistics report released yesterday.

The DoS said the number of labour force increased 0.3 per cent to 15.23 million from 15.19 million a month earlier.

On the labour force participation rate, the department said it remained unchanged at 68.2 per cent compared with that of the previous month.

“On year-on-year comparison, the labour force participation rate in February increased 0.4 per cent from the same month a year ago,” it said.

It added that 31.8 per cent, or 7.11 million of working age population (15-64 years), were outside the labour force in February, 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. ― Bernama