Malaysia Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Malaysia is expected to be 68.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Malaysia to stand at 69.10 in 12 months time. In the long-term, the Malaysia Labor Force Participation Rate is projected to trend around 70.70 percent in 2020, according to our econometric models.


Forecast Data Chart
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Malaysia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.4 3.5 3.7 3.7 3.8 4.1
Employed Persons 14882 14900 14930 14950 14980 15500
Unemployed Persons 519 507 509 509 509 511
Labor Force Participation Rate 68.6 68.6 68.7 68.8 69.1 70.7
Job Vacancies 246628 275000 288000 352000 349000 357000
Minimum Wages 1000 1000 1000 1100 1100 1100
Wages in Manufacturing 3604 3500 3650 3690 3790 4100
Population 32.05 32.6 32.6 32.9 32.9 33.2
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Wages 2880 3020 3020 3200 3200 3400