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Malaysia's Unemployment Rate Holds Steady at 3% in May

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Malaysia's unemployment rate held steady at 3% in May, according to data released by the Department of Statistics Malaysia on Friday.

The reading was in line with Trading Economics' forecast of 3% and was unchanged from April.

The number of unemployed persons rose 0.3% month over month to 513.4 thousand.

Total employment increased 0.1% from a month earlier to 16.8 million, while the labour force rose 0.1% to 17.3 million.

Employment growth continued to be driven by the services sector, particularly wholesale and retail trade, accommodation and food and beverage services, and information and communication.

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