Following the release of Malaysia’s Q3 2018 labour force statistics in January, the Department of Statistics Malaysia
(DoSM) released the final report for 2018 (December) on Monday (11 February).
These latest statistics revealed a labour force participation rate of 68.5%, a 0.1 percentage point (pp) increase from
the previous month (68.4%), and a 0.4 pp increase year-on-year (68.1%).
Further, the labour force population increased from 15.46 million in November 2018 to 15.50 million in December 2018; and rose 2.3% against the same month in 2017 (15.15 million).
Despite the increase in the labour force participation rate month-on-month, Malaysia’s unemployment rate remained at
3.3%. In fact, year-on-year, the number of unemployed people stood at 514,200 at the end of Q4 2018, 1.7% higher than that in Q4 2017.
However, the number of employed people rose 2.4% from December 2017 (14.64 million) to December 2018, at 14.99 million.
As for the number of people of working age between 15-64 years old, a total of 31.5%, or 7.12 million, were outside the labour force in December 2018.
source : HumanResourcesOnline