Malaysia’s unemployment rate remained stable in August, data from the Department of Statistics showed on Tuesday.

The jobless rate remained at 4.7 percent in August, unchanged from July.

The number of unemployed decreased by 3,500 persons to 741,600 in August from 745,100 in the previous month.

The number of employed increased by 0.5 percent monthly to 15.15 million in August from 14.00 million in the prior month.

The labor force participation rate rose to 68.4 percent in August from 68.1 percent in the preceding month.

The material has been provided by InstaForex Company –

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