The unemployment rate in Malaysia jumped to 4.7 percent in August 2020 from 3.3 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed surged 42.6 percent from a year earlier to 741.6 thousand, while employment declined by 0.2 percent to 15.15 million. Meantime, the labor force gained 1.2 percent to 15.90 million. In July 2020, the jobless rate was also at 4.7 percent.

Unemployment Rate in Malaysia averaged 3.33 percent from 1998 until 2020, reaching an all time high of 5.30 percent in May of 2020 and a record low of 2.70 percent in August of 2012. This page provides - Malaysia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia is expected to be 4.50 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 4.10 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.

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Malaysia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.70 5.30 2.70 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-14 04:30 AM May 5.3% 5% 6%
2020-08-07 04:00 AM Jun 4.9% 5.3% 5.5%
2020-09-11 04:00 AM Jul 4.7% 4.9% 4.8%
2020-10-13 04:00 AM Aug 4.7% 4.7% 4.5%
2020-11-09 04:00 AM Sep 4.7% 4.5%
2020-12-15 04:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Malaysia Jobless Rate Rises Sharply to 4.7% in August
The unemployment rate in Malaysia jumped to 4.7 percent in August 2020 from 3.3 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed surged 42.6 percent from a year earlier to 741.6 thousand, while employment declined by 0.2 percent to 15.15 million. Meantime, the labor force gained 1.2 percent to 15.90 million. In July 2020, the jobless rate was also at 4.7 percent.
2020-10-13
Malaysia Jobless Rate Rises to 4.7% in July
The unemployment rate in Malaysia increased to 4.7 percent in July 2020 from 3.3 percent in the corresponding month of the previous year. The number of unemployed surged 42 percent from a year earlier to 745.1 thousand, while employment declined 0.7 percent to 15.07 million. Meantime, the labor force went up 0.7 percent to 15.82 million.
2020-09-11
Malaysia Jobless Rate Drops 4.9% in June
The unemployment rate in Malaysia fell to 4.9 percent in June 2020 from a record high of 5.3 percent a month earlier, as the country gradually lifted strict coronavirus lockdown restrictions. the number of unemployed dropped to 773.2 thousand. Meanwhile, the labor force went up to 15.76 million.
2020-08-07
Malaysia Jobless Rate Surges to Fresh Record High of 5.3%
The unemployment rate in Malaysia increased to 5.3 percent in May 2020 from 3.3 percent in the same month a year earlier, amid public health measures to contain the COVID-19 crisis. It was the highest jobless rate since the series began in March 1998, as the number of unemployed surged by 306.3 thousand to a record high of 826.1 thousand while employment fell 0.23 million to 14.89 million. Meanwhile, the labor force recorded an increase of 71,700 to 15.71 million.
2020-07-14

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.