Malaysia's unemployment rate remains unchanged in August

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Malaysia's unemployment rate remains unchanged in August

STORY: Malaysia's unemployment rate remains unchanged in August DATELINE: Oct. 11, 2022 LENGTH: 00:01:29 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur Twin Towers 2. various of street views 3. various of workers queuing to enter factory STORYLINE: Malaysia's unemployment rate in August remained unchanged at 3.7 percent as compared to July, official data showed Tuesday. The number of unemployed persons sustained its downward trend, falling 1.4 percent to 612,000 persons from 620,700 in July, the Department of Statistics Malaysia (DOSM) said in a statement. Meanwhile, the employed persons remained stable, rising 0.2 percent to 16.02 million persons from 15.98 million persons in July. The employment-to-population ratio, which indicates the ability of an economy to create employment, went up by 0.1 percentage points to 67.1 percent in August. By economic sector, the number of employed persons in the service sector remained on an increasing trend, particularly in food and bev

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