Malaysia Unemployment Rate - Forecast

Unemployment Rate in Malaysia is expected to be 3.40 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 3.70 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 4.10 percent in 2020, according to our econometric models.


Malaysia Unemployment Rate
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Malaysia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.3 3.4 3.4 3.5 3.7 4.1
Employed Persons 14640 14820 14909 14661 14885 15500
Unemployed Persons 506 510 510 507 509 511
Labor Force Participation Rate 68.1 67.7 67.7 67.65 67.52 67.9
Job Vacancies 401835 280650 280650 383740 280000 327000
Minimum Wages 1000 1100 1100 1100 1100 1400
Wages in Manufacturing 3347 3400 3450 3500 3550 4100
Population 31.7 32.36 32.48 32.61 32.73 33.72
Retirement Age Women 60 60 60 59 59 58
Retirement Age Men 60 60 60 59 59 58
Wages 2463 2620 2620 2620 2620 2870