LABOUR FORCE CURRENT SITUATION
The Labour Force Malaysia Report 2022 summarises data from the December 2022 Labour Force Report, which presents statistics of the labour force, employment, and unemployment, obtained from the Labour Force Survey (LFS). This data is a vital input for labour market analysis and formulation of policy related to human resource development and serves as an essential reference for research related to employment and the labour market.
• The number of employed persons remained on a positive trend in December 2022, with a month-on-month increase of 0.1% (+21.8 thousand persons) to 16.13 million persons (November 2022: 16.11 million persons). During the month, the employment-to-population ratio, which indicates the ability of an economy to create employment, was unchanged at 67.3%. • By economic sector, the number of employed persons in the Services sector continued to increase, largely in Wholesale & Retail Trade, Food & Beverage Services, and Information & Communication Activities. Similarly, Agriculture, Manufacturing, Construction, and Mining & Quarrying sectors also maintained their positive trend in the number of employed persons. • In December 2022, the employees’ category continued to make up the largest percentage of the total employed persons, contributing 75.8%. This category increased by 0.1% (+10.9 thousand persons) to register 12.23 million persons during the month (November 2022: 12.21 million persons). Likewise, the own-account workers continued to increase by 0.4% or equivalent to 12.8 thousand persons to 2.86 million persons (November 2022: 2.85 million persons). • During the last month of 2022, the number of unemployed persons continued to fall, registering a negative growth of 0.2% (-1.3 thousand persons) to record 599.6 thousand persons, which was below the level of 600 thousand persons for the first time since March 2020, as compared to 600.9 thousand persons in November 2022. December’s unemployment rate stood at 3.6%.
Labour Force
Unemployment Rate
Unemployment
Outside Labour Force
Labour Force Survey, Department of Statistics Malaysia (DOSM)
39
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry
Made with FlippingBook flipbook maker