Malaysia Unemployment Rate  Forecast


Unemployment Rate in Malaysia is expected to be 3.50 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 3.50 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.4 3.5 3.4 3.4 3.5 4.1
Employed Persons 14513 14698 14820 14909 14521 15500
Unemployed Persons 517 524 510 510 507 511
Labor Force Participation Rate 67.8 67.8 67.7 67.7 67.14 67.9
Job Vacancies 315358 306000 280650 280650 291211 327000
Minimum Wages 1000 1000 1000 1000 1500 2000
Wages in Manufacturing 3337 3520 3600 3650 3700 4220
Population 31.7 32.23 32.36 32.48 32.61 33.72
Retirement Age Women 60 59.41 60 60 59.41 58.64
Retirement Age Men 60 59.41 60 60 59.41 58.64
Wages 2463 2600 2750 2750 2750 2930