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Malaysia’s unemployment rate drops to 4.2 percent

Malaysia's unemployment rate fell to 4.2 percent in December from 4.3 percent in the previous month, data of the Department of Statistics Malaysia (DOSM) showed.
Malaysia’s unemployment rate drops to 4.2 percent ảnh 1Malaysia's unemployment rate fell to 4.2 percent in December from 4.3 percent in the previous month (Photo: Reuters)

Hanoi (VNA) – Malaysia's unemployment rate fellto 4.2 percent in December from 4.3 percent in the previous month, data of theDepartment of Statistics Malaysia (DOSM) showed.

In a statement, the DOSM said that the number of theemployed in the country in December saw a marginal rise of 0.2 percentmonth-on-month to 15.65 million.

The employment-to-population ratio recorded a slightincrease to 66.1 percent in the month from 66 percent in last November.

Meanwhile, the number of unemployed persons in Malaysiacontinued to decrease by 1 percent month-on-month to 687,600 in December.

According to the DOSM, the aftermath of the pandemic causedthe economic revival to be somewhat hindered and it also affected the regainingof the entire labour market as its recovery is directly proportional to theperformance of the economy.

Travelling activities observed during the month signalledthat the labour market is projected to improve in the coming months, thedepartment added.

Malaysia’s National Recovery Council on February 8 proposedreopening of the international borders as early as March 1, without the needfor compulsory quarantine./.

VNA
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