Malaysia's Unemployment Rate Remains Stable In May



Malaysia's unemployment rate remained unchanged in May, figures from the Department of Statistics showed Friday. The unemployment rate came in at 2.9 percent in May, the same as in the previous month. A year ago, the unemployment rate was 3.3 percent. The number of unemployed in the country decreased to 406,500 persons in May from 407,200 in April. In the same month of last year, the jobless total was 439,400. Meanwhile, the unemployment rate, on a seasonally adjusted basis, rose slightly to 3.0 percent from 2.9 percent in the previous month. A year ago, the jobless rate was 3.4 percent. The labor force participation rate continued to increase in May, to 67.9 percent. That was followed by a 67.3 percent in April and 66.9 percent in March. During the same month of last year, the rate was 66.0 percent.

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