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Unemployment on the rise in Malaysia [23-07-2013]  
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Malaysia's unemployment is on the rise, with the seasonally adjusted unemployment rate at 3.4% in May compared with 3% in April and 3% a year ago.

The Statistics Department said on Monday the number of unemployed persons increased in May by 35,800 persons (8.9%) to 439,4000 against 403,6000 in April.

"The number of employed persons decreased by 80,900 (0.6%) to 13.04 million persons," it said.

The labour force participation rate fell in May by 0.4% to 66% compared to 66.4% in April.

"The decline was due to the decrease in the number of persons in the labour market by 45,000 persons (0.3%) to 13.48 million and an increase of 110,000 persons (1.6%) outside the labour force from 6.83 million to 6.94 million persons.

“As compared to May 2012, the labour force participation rate increased by 1% from 65%,” the department said.

Its survey comprises the economically active and inactive population. To measure the economically active population, the Labour Force Survey uses the age limit of 15 to 64 years.

In its definition, the economically active population consists of those employed and unemployed whereas those who are inactive is classified as outside labour force.

 

Source:THE STAR
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