The unemployment rate in Malaysia declined to 3.6 percent in September 2022 from 4.5 percent in the same month a year earlier, pointing to the lowest reading since February 2020, as the economy recovered from the coronavirus hit. The number of unemployed plunged 17.1 percent from a year earlier to 605.0 thousand, while employment increased 3.8 percent to 16.05 million. Meantime, the labor force rose 2.9 percent to 16.63 million. In August 2022, the jobless rate was at 3.7 percent. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.45 percent from 1998 until 2022, 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 December of 2022.

Unemployment Rate in Malaysia is expected to be 4.20 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 3.60 percent in 2023 and 3.40 percent in 2024, according to our econometric models.

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Malaysia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-11 04:00 AM Aug 3.7% 3.7% 3.7%
2022-11-08 04:00 AM Sep 3.6% 3.7% 3.8%
2022-12-12 04:00 AM Oct 3.6% 3.7%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.70 percent Sep 2022
Unemployed Persons 605.00 612.00 Thousand Sep 2022
Employed Persons 16050.00 16017.70 Thousand Sep 2022
Labor Force Participation Rate 69.70 69.70 percent Sep 2022
Wages in Manufacturing 3403.00 3365.00 MYR/Month Sep 2022
Population 32.60 32.73 Million Dec 2021
Wages 3037.00 2933.00 MYR/Month Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.70 5.30 2.70 1998 - 2022 percent Monthly
NSA

News Stream
Malaysia Jobless Rate Down to 3.6%
The unemployment rate in Malaysia declined to 3.6 percent in September 2022 from 4.5 percent in the same month a year earlier, pointing to the lowest reading since February 2020, as the economy recovered from the coronavirus hit. The number of unemployed plunged 17.1 percent from a year earlier to 605.0 thousand, while employment increased 3.8 percent to 16.05 million. Meantime, the labor force rose 2.9 percent to 16.63 million. In August 2022, the jobless rate was at 3.7 percent.
2022-11-08
Malaysia Jobless Rate Down to 3.7%
The unemployment rate in Malaysia declined to 3.7 percent in August 2022 from 4.6 percent in the same month a year earlier, as the economy recovered from the coronavirus hit. The number of unemployed plunged 18.3 percent from a year earlier to 612.0 thousand, while employment increased 4.2 percent to 16.02 million. Meantime, the labor force rose 3.1 percent to 16.63 million. In July 2022, the jobless rate was also at 3.7 percent.
2022-10-11
Malaysia Jobless Rate Down to 3.7%
The unemployment rate in Malaysia declined to 3.7 percent in July 2022, the lowest since February 2020, from 4.8 percent in the same month a year earlier, as the economy recovered from the coronavirus hit. The number of unemployed plunged 20.2 percent from a year earlier to 620.7 thousand, while employment increased 4.5 percent to 15.98 million. Meantime, the labor force rose 3.3 percent to 16.60 million. In May 2022, the jobless rate was at 3.8 percent.
2022-09-09