Stats Dept: Number of unemployed persons down in April
09 Jun 2023 05:40pm
Stats Dept: Number of umemployed persons down in April. Photo by 123RF
Releasing the Statistics of the Labour Force, Malaysia, April 2023 today, DOSM said the unemployment rate in April 2023 stood at 3.5 per cent, unchanged from March 2023.
DOSM said the number of the labour force in April this year recorded an addition of 0.2 per cent to register 16.84 million persons compared to 16.81 million in March.
"Accordingly, the labour force participation rate edged up 0.1 percentage points to 70.0 per cent (March 2023: 69.9 per cent) indicating more labour participation in the market," it said.
DOSM said a month-on-month comparison showed that the number of employed persons in April 2023 inched up 0.2 per cent to record 16.25 million persons versus 16.22 million in March.
DOSM said the unemployment rate for youth aged 15 to 24 years on a month-to-month basis decreased 0.1 percentage points to 11.1 per cent, recording the number of unemployed youths at 315,600 persons versus 11.2 per cent in March with 317,300 persons.
The department said the number of persons outside the labour force in April 2023 recorded a marginal decline of 0.03 per cent to 7.23 million persons compared with 7.23 million in March.
DOSM said the labour market is expected to grow modestly in the coming months as the Malaysian economy is projected to flourish moderately.
"Malaysia's economy is expected to maintain its positive growth in 2023 albeit at a slower pace than in 2022.
"This is supported by factors such as sustained domestic demand, improved labour market conditions, more stable inflation trends, and the recovery of tourist arrivals, whereby encouraging tourism activity is expected to positively impact the growth of the tourism sector and related industries," it said. - BERNAMA
