Malaysia Unemployment Rate in June 2020

Market InsightAugust 11, 2020 10:26

Malaysia Jobless Rate Drops 4.9% in June 2020. 

The unemployment rate in Malaysia fell to 4.9% in June 2020 from a record high of 5.3% a month earlier, as the country gradually lifted strict coronavirus lockdown restrictions. In other words, 5 out 100 workforces are unemployed.

The number of unemployed dropped to 773.2 thousand. Meanwhile, the labor force went up to 15.76 million.