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Malaysia's Q2 2024 unemployment rate remains at 3.3% with 16.59 million employed individuals, coinciding with a higher economic growth rate of 5.9%.
Malaysia's unemployment rate held steady at 3.3% in Q2 2024, as per the Labour Market Review Q2 2024.
The number of employed individuals increased by 2.8% to 16.59 million, while the number of unemployed decreased by 4.1% to 557,800.
This stability coincides with a higher economic growth rate of 5.9%, driven by increased labor demand due to household spending, labor market strength, and expanding exports.
Labor productivity rose by 3.1%, while total hours worked increased by 3.4% during the same period.
12 months ago
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