Malaysia’s unemployment rate drops to 11-year low
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Malaysia's unemployment rate fell to 2.9% in November, the lowest in 11 years, with jobless numbers at 518,400. The last time it was below 3% was in November 2014. Chief statistician Mohd Uzir Mahidin noted that favorable economic conditions supported labor market growth, with employed persons rising to 17.09 million. The labor market is expected to remain stable, driven by job opportunities in strategic sectors and ongoing reskilling initiatives. Key growth areas include health, social work, retail, accommodation, agriculture, manufacturing, construction, and mining.
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