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.

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Malaysia Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
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 4.6% 4.8% 4.9%
2021-11-09 04:00 AM Sep 4.6%
2021-12-11 04:00 AM Oct


News Stream
Malaysia Jobless Rate Ticks Down to 4.6% in August
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.
2021-10-08
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 Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.60 percent Aug/21 4.80 5.30 2.70
Employed Persons 15380.00 Thousand Aug/21 15294.80 15380.00 5624.60
Unemployed Persons 748.80 Thousand Aug/21 778.00 826.10 210.50
Labor Force Participation Rate 68.40 percent Aug/21 68.30 69.00 62.30
Wages in Manufacturing 3255.00 MYR/Month Jul/21 3322.00 3998.00 2391.00
Population 32.73 Million Dec/20 32.59 32.73 8.20
Wages 2933.00 MYR/Month Dec/20 3224.00 3224.00 1814.00


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.