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Financial News: Malaysia Unemployment Rate Remains Stable

Malaysia Unemployment Rate Remains Stable

07/16/2018 - 00:15:00 (RTTNews)

(RTTNews) - Malaysia's unemployment rate held steady in May, figures from the Department of Statistics showed Monday.

The jobless rate came in at 3.3 percent in May, the same rate as in April.

In the corresponding month last year, the unemployment rate was 3.4 percent.

There were 507,000 unemployed people in May compared with 504,800 a year earlier.

The labor force participation rate edged up to 68.4 percent in May from 68.2 percent in April.

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