The labour force refers to those who, during the survey, are between the ages of 15 and 64 (in completed years at last birthday) and are either employed or unemployed 1. In conjunction with the International Labour Day on May 1, we examine a number of dynamics concerning the labour force in Malaysia and Penang over the past year. Additionally, we also observed wage comparisons among Asean and leading global economies.
Malaysia’s labour force
The labour force participation rate (LFPR) is defined as the ratio of the labour force to the working age population (15 to 64 years), expressed as percentage 2. Over the period of December 2014-January 2015 Malaysia’s LFPR rate declined by 0.7 percentage point from 67.9% to 67.2% (Table 1).
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