The unemployment rate in Malaysia jumped to 4.8 percent in December 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 49.5 percent from a year earlier to 772.9 thousand, while employment declined by 0.5 percent to 15.22 million. Meantime, the labor force rose 1.2 percent to 15.99 million. In November 2020, the jobless rate was at 4.8 percent. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.35 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 March of 2021.

Unemployment Rate in Malaysia is expected to be 5.00 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 4.00 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 4.00 percent in 2022 and 3.80 percent in 2023, according to our econometric models.

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Malaysia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.80 5.30 2.70 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 04:00 AM Sep 4.6% 4.7% 4.5%
2020-12-11 04:00 AM Oct 4.7% 4.6% 4.6%
2021-01-11 04:00 AM Nov 4.8% 4.7% 4.7%
2021-02-08 04:30 AM Dec 4.8% 4.8% 5%
2021-03-08 04:00 AM Jan 4.8% 4.9%
2021-04-08 04:00 AM Feb
2021-05-07 04:00 AM Mar
2021-06-09 04:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Malaysia Jobless Rate Surges to 4.8% in December
The unemployment rate in Malaysia jumped to 4.8 percent in December 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 49.5 percent from a year earlier to 772.9 thousand, while employment declined by 0.5 percent to 15.22 million. Meantime, the labor force rose 1.2 percent to 15.99 million. In November 2020, the jobless rate was at 4.8 percent.
2021-02-08
Malaysia Jobless Rate Soars to 4.8% in November
The unemployment rate in Malaysia climbed to 4.8 percent in November 2020 from 3.2 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 48.7 percent from a year earlier to 764.4 thousand, while employment declined by 0.8 percent to 15.20 million. Meantime, the labor force rose 0.8 percent to 15.96 million. In October 2020, the jobless rate was at 4.7 percent.
2021-01-11
Malaysia Jobless Rate Surges to 4.7% in October
The unemployment rate in Malaysia climbed to 4.7 percent in October 2020 from 3.2 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 46.1 percent from a year earlier to 748.2 thousand, while employment declined by 0.4 percent to 15.21 million. Meantime, the labor force rose 1.1 percent to 15.96 million. In September 2020, the jobless rate was at 4.6 percent.
2020-12-11
Malaysia Jobless Rate Jumps to 4.6% in September
The unemployment rate in Malaysia surged to 4.6 percent in September 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 jumped 41.4 percent from a year earlier to 737.5 thousand, while employment declined by 0.2 percent to 15.19 million. Meantime, the labor force rose 1.1 percent to 15.93 million. In August 2020, the jobless rate was at 4.7 percent.
2020-11-09

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.