PUTRAJAYA: The number of unemployed persons dropped to 580,700 in 2023, the lowest since the pandemic, while the unemployment rate stood at 3.4 per cent, according to the Labour Market Review, Fourth Quarter 2023 released by the Department of Statistics Malaysia (DOSM) on Friday (Feb 23).
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin, in a statement, said this reflected the improving economic developments throughout the fourth quarter (Q4) of 2023, with the labour force participation rate rising 0.6 per cent year-on-year, maintaining a high rate of 70.1 per cent compared to the previous quarter.
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