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Malaysia’s unemployment rate dips

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According to the Malaysian Labour Force Statistics, the unemployment rate in the country has dropped 3% for the month of March, down 0.2% from the previous month.

The report also revealed there was a slight 0.5% decrease in labour force participation, from 67.4%  in February to 66.9% in March, even though a year-on-year comparison showed a 1.4% increase from 65.5% in March 2013.

Via Twitter, Malaysian Prime Minister Datuk Seri Najib Tun Razak thanked “all sectors for working hard to maintain our job market’s stability”.

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As of March 2014, Malaysia’s total labour force stands at 13,843,500, consisting of 13,427,800 employed and 415,700 unemployed people.

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