The unemployment rate in Malaysia edged lower to 4.6 percent in August 2021 from 4.7 percent in the same month a year earlier, as the economy recovered gradually from the coronavirus disruptions. The number of unemployed rose 1 percent from a year earlier to 748.8 thousand, while employment increased 1.5 percent to 15.38 million. Meantime, the labor force gained 1.4 percent to 16.13 million. In July 2021, the jobless rate was at 4.8 percent. source: Department of Statistics, Malaysia
Unemployment Rate in Malaysia averaged 3.42 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 October 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 4.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.