The unemployment rate in Malaysia inched lower to 3.3 percent in September of 2018 from 3.4 percent in the corresponding month of the previous year. The number of unemployed went up 0.4 percent from a year earlier to 516.4 thousand, and employment increased 2.6 percent to 14.94 million. Also, the labor force rose 2.6 percent to 15.44 million. On a seasonally adjusted basis, the jobless rate also edged down to 3.3 percent from 3.4 percent in August. Unemployment Rate in Malaysia averaged 3.28 percent from 1998 until 2018, reaching an all time high of 4.50 percent in March of 1999 and a record low of 2.70 percent in August of 2012.

Unemployment Rate in Malaysia is expected to be 3.20 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 3.10 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Malaysia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 04:00 AM Unemployment Rate 3.4% 3.3% 3.3%
2018-09-14 04:00 AM Unemployment Rate 3.4% 3.4% 3.4%
2018-10-15 04:00 AM Unemployment Rate 3.4% 3.4% 3.4%
2018-11-09 04:00 AM Unemployment Rate 3.3% 3.4% 3.5%
2018-12-14 04:00 AM Unemployment Rate 3.3% 3.5%
2019-01-15 04:00 AM Unemployment Rate
2019-01-17 04:00 AM Unemployment Rate


Malaysia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.40 4.50 2.70 percent [+]
Employed Persons 14926.50 14896.50 14926.50 5624.60 Thousand [+]
Unemployed Persons 516.40 525.00 534.70 210.50 Thousand [+]
Labor Force Participation Rate 68.50 68.40 68.60 62.30 percent [+]
Job Vacancies 246628.00 303821.00 745205.00 7850.00 [+]
Minimum Wages 1000.00 1000.00 1000.00 900.00 MYR/Month [+]
Wages in Manufacturing 3633.00 3606.00 3633.00 2391.00 MYR/Month [+]
Population 32.05 31.70 32.05 8.20 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Wages 2880.00 2657.00 2880.00 1814.00 MYR/Month [+]
Living Wage Family 1970.00 2030.00 2030.00 1900.00 MYR/Month [+]
Living Wage Individual 1150.00 1170.00 1200.00 1080.00 MYR/Month [+]


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. This page provides - Malaysia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 4.50 2.70 1998 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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