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. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.39 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 June of 2021.

Unemployment Rate in Malaysia is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Malaysia to stand at 4.00 in 12 months time. 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
4.60 4.70 5.30 2.70 1998 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-08 04:00 AM Jan 4.9% 4.8% 4.9%
2021-04-08 04:00 AM Feb 4.8% 4.9% 4.8%
2021-05-07 04:00 AM Mar 4.7% 4.8% 4.8%
2021-06-09 04:00 AM Apr 4.6% 4.7% 4.7%
2021-07-08 04:00 AM May 4.6%
2021-08-09 04:00 AM Jun
2021-09-09 04:00 AM Jul
2021-10-08 04:00 AM Aug


News Stream
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 Jobless Rate Rises to 4.7% in March
The unemployment rate in Malaysia surged to 4.7 percent in March 2021 from 3.9 percent in the same month a year earlier, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed rose 23.4 percent from a year earlier to 753.2 thousand, while employment edged up by 0.6 percent to 15.33 million. Meantime, the labor force increased 1.5 percent to 16.08 million. In February 2021, the jobless rate was at 4.8 percent.
2021-05-07
Malaysia Jobless Rate Surges to 4.8% in February
The unemployment rate in Malaysia jumped to 4.8 percent in February 2021 from 3.3 percent in the same month a year earlier, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed climbed 48.0 percent from a year earlier to 777.5 thousand, while employment declined by 0.5 percent to 15.27 million. Meantime, the labor force rose 1.1 percent to 16.05 million. In January 2021, the jobless rate was at 4.9 percent.
2021-04-08
Malaysia Jobless Rate Rises to 7-Month High
The unemployment rate in Malaysia surged to a seven-month high of 4.9 percent in January 2020 from 3.2 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 52.9 percent from a year earlier to 782.5 thousand, while employment declined by 0.5 percent to 15.24 million. Meantime, the labor force rose 1.2 percent to 16.02 million. In December 2020, the jobless rate was at 4.8 percent.
2021-03-08

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.