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Malaysia Unemployment Rate Drops In November

Malaysia's unemployment rate decreased from the previous month in November after staying unchanged in the previous month, data released by the Department of Statistics showed Tuesday.

The unemployment rate declined to 2.9 percent in November from 3.2 percent in October. In November 2011, the jobless rate was 3.1 percent.

There were around 381,200 unemployed persons in the country at the end of November, lower than about 417,100 recorded in the previous month.

On a seasonally adjusted basis, the jobless rate was 3 percent, down from 3.5 percent recorded in October and 3.2 percent seen in November 2011.

Meanwhile, the number of employed persons increased to around 12.64 million from about 12.47 million in the previous month.

Malaysia's labor force participation rate was 65.1 percent in November, compared to 64.8 percent in October. The latest figure was higher than 63.4 percent recorded a year earlier, data showed.

by RTTNews Staff Writer

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