The unemployment rate in Malaysia ticked down to 3.2 percent in November 2019 from 3.3 percent in the same month the previous year. The number of unemployed fell 0.4 percent from a year earlier to 513.9 thousand, while employment rose 2.5 percent to 15.31 million. Also, the labor force grew 2.4 percent to 15.83 million. On a seasonally adjusted basis, the jobless rate edged up to 3.3 percent in November from 3.2 percent in October. 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. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia is expected to be 3.30 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 3.40 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.

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Malaysia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 4.50 2.70 1998 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-11 04:00 AM Aug 3.3% 3.3% 3.3%
2019-11-11 04:00 AM Sep 3.3% 3.3% 3.4%
2019-12-13 04:00 AM Oct 3.2% 3.3% 3.4%
2020-01-13 04:00 AM Nov 3.2% 3.2% 3.3%
2020-02-07 04:00 AM Dec 3.2% 3.3%


News Stream
2019-12-13
Malaysia Jobless Rate Slips to 3.2% in October
The unemployment rate in Malaysia slipped to 3.2 percent in October 2019 from 3.3 percent in the same month the previous year. The number of unemployed edged down 0.2 percent from a year earlier to 512.1 thousand, while employment went up 2.3 percent to 15.27 million. Also, the labor force rose 2.1 percent to 15.78 million. On a seasonally adjusted basis, the jobless rate also inched lower to 3.2 percent in October from 3.2 percent in September.

2019-11-11
Malaysia September Jobless Rate Unchanged at 3.3%
The unemployment rate in Malaysia stood at 3.3 percent in September of 2019, unchanged from the corresponding month the previous year. The number of unemployed increased by 1 percent from a year earlier to 521.4 thousand, while employment went up 2 percent to 15.23 million. Also, the labor force rose 2 percent to 15.75 million. On a seasonally adjusted basis, the jobless rate was also cme in at 3.3 percent in september, the same as in August.

2019-10-11
Malaysia Jobless Rate Slips to 3.3%
The unemployment rate in Malaysia inched lower to 3.3 percent in August 2019 from 3.4 percent in the corresponding month the previous year. The number of unemployed decreased by 0.9 percent from a year earlier to 520.2 thousand, while employment went up 1.9 percent to 15.19 million. Also, the labor force rose 1.8 percent to 15.71 million. On a seasonally adjusted basis, the jobless rate was also stood at 3.3 percent in August, unchanged from July.

2019-09-13
Malaysia Jobless Rate Edges Down to 3.3%in July
The unemployment rate in Malaysia inched lower to 3.3 percent in July 2019 from 3.4 percent in the corresponding month the previous year. The number of unemployed increased by 1.2 percent from a year earlier to 524.8 thousand, while employment went up 2 percent to 15.18 million. Also, the labor force rose 2 percent to 15.70 million. On a seasonally adjusted basis, the jobless rate was also stood at 3.3 percent in July, unchanged from June.

2019-08-09
Malaysia Jobless Rate Edges Down to 3.3% in June
The unemployment rate in Malaysia inched lower to 3.3 percent in June 2019 from 3.4 percent in the corresponding month of the previous year. The number of unemployed increased by 1.1 percent from a year earlier to 521.4 thousand, while employment went up 1.8 percent to 15.13 million. Also, the labor force rose 1.8 percent to 15.65 million. On a seasonally adjusted basis, the jobless rate was also stood at 3.3 percent in June, unchanged from May.

2019-07-12
Malaysia Jobless Rate Steady at 3.3% in May
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.


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.

Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.20 4.50 2.70 percent [+]
Employed Persons 15315.00 15265.60 15315.00 5624.60 Thousand [+]
Unemployed Persons 512.10 513.90 534.70 210.50 Thousand [+]
Labor Force Participation Rate 68.80 68.70 68.80 62.30 percent [+]
Job Vacancies 244676.00 231345.00 745205.00 7850.00 [+]
Minimum Wages 1100.00 1000.00 1100.00 900.00 MYR/Month [+]
Wages in Manufacturing 4011.30 4002.00 4011.30 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 3087.00 2879.00 3087.00 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 [+]