Aug unemployment stable at 4.7pct, but much higher than last year

Unemployment was 4.7 percent in August, unchanged from the month before. The estimated number of unemployed persons decreased by a marginal 3,500 month-on-month to 741,600.

According to the Department of Statistics Malaysia (DOSM), the unemployment rate was considerably higher than the same month last year (3.3 percent). At the time, there were an estimated 520,200 unemployed persons...