Employment in Malaysia continues to record a positive growth rate of 0.3 per cent equivalent to an increase of 42.1 thousand people to account for a workforce of 15.98 million compared to 15.94 million persons in June 2022.
The rate was tabulated in the Key Statistics of Labour Force in Malaysia, July 2022 report released by the Department of Statistics Malaysia (DOSM) today, which cited based on the seasonally adjusted data, the number of employed persons decreased by 0.2 per cent.
In July, 2022, the employment-to-population ratio which indicates the ability of an economy to create employment rose by 0.1 percentage points to 67.0 per cent in July 2022 as compared to 66.9% in June 2022.
In terms of the economic sector, employment in the services sector continued to expand, largely in Food & beverages services; Wholesale & retail trade and Administrative & support service activities.
Likewise, employment in the Manufacturing and Construction sectors also increased, while employed persons in the Agriculture and Mining & quarrying sectors declined.
By status in employment, the employee’s category was the largest composition of employed persons with a share of 76.0 per cent.
This category rose by 0.2 per cent or equivalent to 19.3 thousand persons to record 12.14 million persons in July 2022 (June 2022: 12.13 million persons).
Similarly, the own-account workers continued to trend up with an addition of 21.3 thousand persons (+0.8%) to 2.79 million persons (June 2022: 2.77 million persons).
The number of unemployed persons in July 2022 which was 620.7 thousand persons, remained on a downward trend with a decreased of 1.6 per cent or equivalent to 9.9 thousand persons (June 2022: 630.6 thousand persons).
In the meantime, the number of unemployed persons fell by 0.4 per cent in seasonally adjusted terms. Accordingly, a lower unemployment rate was recorded during the month at 3.7 per cent — a decrease of 0.1 percentage points as compared to June 2022 (3.8%).
Meanwhile, seasonally adjusted estimates for the unemployment rate remained at 3.6 per cent.
Labour force numbers increased by 0.2 per cent (+32.3 thousand persons) in July 2022, reaching 16.60 million persons (June 2022: 16.57 million persons).
Therefore, the labour force participation rate (LFPR) rose by 0.1 percentage points to 69.6 per cent. In terms of seasonally adjusted estimates, the labour force declined by 0.1 per cent, while the LFPR edged down by 0.1 percentage points.
In July 2022, the number of people outside the labour force declined marginally by 0.1 per cent (-7.6 thousand persons) to 7.25 million persons (June 2022: 7.26 million persons).
Housework and family responsibilities remained as the main reason of those outside the labour force with a share of 42.9 per cent, followed by those who are schooling or in training with 40.1 per cent.
