{"id":34151,"date":"2018-04-27T16:13:15","date_gmt":"2018-04-27T08:13:15","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=34151"},"modified":"2018-04-27T18:05:33","modified_gmt":"2018-04-27T10:05:33","slug":"malaysia-labour-force","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-labour-force","title":{"rendered":"Labour Force Spiked By 2% In 2017"},"content":{"rendered":"
The Malaysian labour force rose to 15million last year, which was a 2% increase compared to 14.7million in 2016 following data revealed by the Labour Force Survey Report 2017.<\/p>\n
The report, which was released by the Department of Statistics, also gave insight into the labour force participating rate (LFPR) which increased by 68% last year compared to 67.7% in 2016.<\/p>\n
Chief Statistician Malaysia Datuk Seri Mohd Uzir Mahidin said the female LFPR rose 0.4% year-on-year (y-o-y) to 54.7% last year, while the male LFPR dropped by 0.1% y-o-y to 80.1%.<\/p>\n
“Overall, the male LFPR was still higher than female labour force participation rate for all age groups.<\/p>\n
“Among the active unemployed persons, 45.1% secured employment in less than three months,” he added.<\/p>\n
Meanwhile, the department also stated the unemployment rate remained at 3.4% over the last two years consecutively. This shows the country\u2019s economy was still operating at full employment.<\/p>\n