Meantime the labor force. The unemployment rate in Malaysia declined to 37 percent in July 2022 the lowest since February 2020 from 48 percent in the same month a year earlier as the economy recovered from the coronavirus hit.
The number of unemployed fell 22 to 176 million year-on-year in July while employment was unchanged at 6734 million.
. The labor force decreased by 01 to 6912 million and those outside the labor force rose 01 to 4101 million. The number of unemployed plunged 202 percent from a year earlier to 6207 thousand while employment increased 45 percent to 1598 million. Japans unemployment rate remained at 26 for the third straight month in July 2022 matching forecasts.
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