Unemployment rate drops to 3.4% in March

PETALING JAYA: Malaysia's unemployment rate for March 2017 dropped to 3.4%, down 0.1 percentage points compared to the previous month, according to the Statistics Department.
Year-on-year, the unemployment rate was 0.1 percentage points lower than March 2016, it said in a statement today.
On a seasonally adjusted month-on-month basis, the unemployment rate in March 2017 was 3.3%, a decrease of 0.1 percentage points compared to February 2017.
The labour force participation rate stood at 67.7% in March 2017, down 0.1 percentage points compared to the previous month.
Year-on-year showed that labour force participation rate in March 2017 decreased by 0.2 percentage points, it added.
As at March 2017, the country's labour force stood at 14.93 million.