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    Malaysia's Unemployment Rate Hits Decade Low

    Malaysia's Unemployment Rate Hits Decade Low: April 2025 Figures Reveal Positive Labor Market Trends Kuala Lumpur, Malaysia – Malaysia's unemployment rate has plummeted to a historic low, reaching 3.0 percent in April 2025. This marks the lowest rate in a decade, signifying a significant positive shift in the nation's labor market. The Department of Statistics Malaysia released the data, showing a decrease in active unemployment, further reinforcing the positive trend. According to the Chief Statistician, Dato' Sri Dr. Mohd Uzir Mahidin, "The sustained economic stability has significantly contributed to the robust performance of the labor market." The number of employed individuals saw an increase of 0.2 percent to 16.82 million, compared to the previous month. Simultaneously, the number of unemployed individuals decreased by 0.7 percent to 525,900. This positive trend extends to youth unemployment. The unemployment rate among 15-to-30-year-olds dropped to 6.2 percent, a significant improvement. This positive economic climate is a testament to Malaysia's economic resilience and its ability to create more employment opportunities.

    2 months ago
    MY
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    news summary
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