The unemployment rate in Malaysia stood at 3.3 percent in May 2019, the same as in the corresponding month of the previous year. The number of unemployed increased by 3.0 percent from a year earlier to 519.8 thousand, while employment went up 1.8 percent to 15.12 million. Also, the labor force rose 1.9 percent to 15.64 million. On a seasonally adjusted basis, the jobless rate edged down to 3.3 percent in May from 3.4 percent in April. Unemployment Rate in Malaysia averaged 3.28 percent from 1998 until 2019, reaching an all time high of 4.50 percent in March of 1999 and a record low of 2.70 percent in August of 2012.

Unemployment Rate in Malaysia is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malaysia to stand at 3.20 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Malaysia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-12 04:00 AM Unemployment Rate Feb 3.3% 3.3% 3.20%
2019-05-10 04:00 AM Unemployment Rate Mar 3.4% 3.3% 3.2%
2019-06-14 04:00 AM Unemployment Rate Apr 3.4% 3.4% 3.4%
2019-07-12 04:00 AM Unemployment Rate May 3.3% 3.4% 3.4%
2019-08-09 04:00 AM Unemployment Rate Jun 3.3% 3.3%
2019-09-13 04:00 AM Unemployment Rate Jul 3.3%
2019-10-11 04:00 AM Unemployment Rate Aug 3.3%


Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 4.50 2.70 percent [+]
Employed Persons 15122.50 15089.80 15122.50 5624.60 Thousand [+]
Unemployed Persons 519.80 523.30 534.70 210.50 Thousand [+]
Labor Force Participation Rate 68.50 68.50 68.60 62.30 percent [+]
Job Vacancies 281159.00 275496.00 745205.00 7850.00 [+]
Minimum Wages 1100.00 1000.00 1100.00 900.00 MYR/Month [+]
Wages in Manufacturing 3658.00 3673.00 3863.00 2391.00 MYR/Month [+]
Population 32.40 32.05 32.40 8.20 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Wages 2880.00 2657.00 2880.00 1814.00 MYR/Month [+]
Living Wage Family 1970.00 2030.00 2030.00 1900.00 MYR/Month [+]
Living Wage Individual 1150.00 1170.00 1200.00 1080.00 MYR/Month [+]


Malaysia Unemployment Rate

In Malaysia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Malaysia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 4.50 2.70 1998 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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