The unemployment rate in Malaysia inched up to 4.8 percent in July 2021 from 4.7 percent in the same month a year earlier, amid restrictions in some regions. The number of unemployed rose 4.4 percent from a year earlier to 778.2 thousand, while employment increasing 1.5 percent to 15.29 million. Meantime, the labor force went up 1.6 percent to 16.07 million. In June 2021, the jobless rate was at 4.8 percent. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.41 percent from 1998 until 2021, 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 September of 2021.

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. In the long-term, the Malaysia Unemployment Rate is projected to trend around 3.50 percent in 2022, 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 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 04:00 AM Apr 4.6% 4.7% 4.7%
2021-07-08 04:00 AM May 4.5% 4.6% 4.6%
2021-08-09 04:00 AM Jun 4.8% 4.5% 4.5%
2021-09-09 04:00 AM Jul 4.8% 4.8% 4.8%
2021-10-08 04:00 AM Aug 4.8%
2021-11-09 04:00 AM Sep
2021-12-11 04:00 AM Oct


News Stream
Malaysia July Jobless Rate Edges Up to 4.8%
The unemployment rate in Malaysia inched up to 4.8 percent in July 2021 from 4.7 percent in the same month a year earlier, amid restrictions in some regions. The number of unemployed rose 4.4 percent from a year earlier to 778.2 thousand, while employment increasing 1.5 percent to 15.29 million. Meantime, the labor force went up 1.6 percent to 16.07 million. In June 2021, the jobless rate was at 4.8 percent.
2021-09-09
Malaysia Jobless Rate Edges Lower to 4.8%
The unemployment rate in Malaysia inched down to 4.8 percent in June 2021 from 4.9 percent in the same month a year earlier, as most states were in Recovery Movement Control Order (MCO) following a ramped up in COVID-19 vaccinations. The number of unemployed fell 0.6 percent from a year earlier to 768.7 thousand, while employment rising 2.0 percent to 15.30 million. Meantime, the labor force increased 1.9 percent to 16.07 million. In May 2021, the jobless rate was at 4.5 percent.
2021-08-09
Malaysia Jobless Rate Falls to 14-Month Low
The unemployment rate in Malaysia declined to 4.5 percent in May 2021 from 5.3 percent in the same month a year earlier, as most states were in Recovery Movement Control Order (MCO) following a ramped up in COVID-19 vaccinations. It was the lowest jobless rate since March last year, with the number of unemployed plunging 11.9 percent from a year earlier to 728.1 thousand, while employment rising 3.2 percent to 15.37 million. Meantime, the labor force increased 2.4 percent to 16.10 million. In April 2021, the jobless rate was at 4.6 percent.
2021-07-08
Malaysia Jobless Rate Falls to 7-Month Low
The unemployment rate in Malaysia declined to 4.6 percent in April 2021 from 5.0 percent in the same month a year earlier, amid most states were in Recovery Movement Control Order (MCO), with the exception on largely populated states which were in conditional MCO. It was the lowest jobless rate since last September, as the number of unemployed fell 4.6 percent from a year earlier to 742.7 thousand, while employment rose by 2.8 percent to 15.35 million. Meantime, the labor force increased 2.4 percent to 16.09 million. In March 2021, the jobless rate was at 4.7 percent.
2021-06-09

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.