The unemployment rate in Malaysia declined to 3.9 percent in April 2022 from 4.6 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The latest reading dipped below 4% for the first time since the COVID-19 outbreak began in early 2020. The number of unemployed dropped 12.6 percent from a year earlier to 649.3 thousand, while employment increased 3.3 percent to 15.85 million. Meantime, the labor force rose 2.5 percent to 16.50 million. In March 2022, the jobless rate was at 4.1 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 June of 2022.

Unemployment Rate in Malaysia is expected to be 4.40 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
2022-05-10 04:00 AM Mar 4.1% 4.1% 4.1%
2022-06-09 04:00 AM Apr 3.9% 4.1% 4.1%
2022-07-07 04:00 AM May 3.9%


Related Last Previous Unit Reference
Unemployment Rate 3.90 4.10 percent Apr 2022
Unemployed Persons 649.30 669.00 Thousand Apr 2022
Employed Persons 15850.00 15769.40 Thousand Apr 2022
Labor Force Participation Rate 69.40 69.20 percent Apr 2022
Wages in Manufacturing 3429.00 3459.00 MYR/Month Feb 2022
Population 32.73 32.59 Million Dec 2020
Wages 2933.00 3224.00 MYR/Month Dec 2020

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
3.90 4.10 5.30 2.70 1998 - 2022 percent Monthly
NSA

News Stream
Malaysia Jobless Rate Down to 3.9%
The unemployment rate in Malaysia declined to 3.9 percent in April 2022 from 4.6 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The latest reading dipped below 4% for the first time since the COVID-19 outbreak began in early 2020. The number of unemployed dropped 12.6 percent from a year earlier to 649.3 thousand, while employment increased 3.3 percent to 15.85 million. Meantime, the labor force rose 2.5 percent to 16.50 million. In March 2022, the jobless rate was at 4.1 percent.
2022-06-09
Malaysia Jobless Rate Down to 4.1%
The unemployment rate in Malaysia declined to 4.1 percent in March 2022 from 4.7 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed dropped 11.1 percent from a year earlier to 669.2 thousand, while employment increased 2.9 percent to 15.77 million. Meantime, the labor force rose 2.2 percent to 16.44 million. In February, the jobless rate was also at 4.1 percent.
2022-05-10
Malaysia Jobless Rate Falls to 4.1%
The unemployment rate in Malaysia declined to 4.1 percent in February 2022 from 4.8 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed dropped 13.6 percent from a year earlier to 671.8 thousand, while employment increased 3.0 percent to 15.73 million. Meantime, the labor force rose 2.2 percent to 16.40 million. In January, the jobless rate was at 4.2 percent. Last year, the unemployment rate ticked higher to 4.6 percent from 4.5 percent in 2020.
2022-04-08