The unemployment rate in Malaysia declined to 4.3 percent in November 2021 from 4.8 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed dropped 9.2 percent from a year earlier to 694.4 thousand, while employment increased 2.7 percent to 15.61 million. Meantime, the labor force gained 2.2 percent to 16.30 million. In October 2021, the jobless rate was also at 4.3 percent. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.43 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 January of 2022.

Unemployment Rate in Malaysia is expected to be 4.50 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 3.50 percent in 2023, according to our econometric models.

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Malaysia Unemployment Rate


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
4.30 4.30 5.30 2.70 1998 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-08 04:00 AM Oct 4.3% 4.5% 4.3%
2022-01-10 04:00 AM Nov 4.3% 4.3% 4.3%
2022-02-08 04:30 AM Dec


Related Last Previous Unit Reference
Unemployment Rate 4.30 4.30 percent Nov/21
Unemployed Persons 694.00 705.00 Thousand Nov/21
Employed Persons 15610.30 15554.60 Thousand Nov/21
Labor Force Participation Rate 68.90 68.80 percent Nov/21
Wages in Manufacturing 3266.00 3255.00 MYR/Month Aug/21
Population 32.73 32.59 Million Dec/20
Wages 2933.00 3224.00 MYR/Month Dec/20


News Stream
Malaysia Jobless Rate Down to 4.3% in November
The unemployment rate in Malaysia declined to 4.3 percent in November 2021 from 4.8 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed dropped 9.2 percent from a year earlier to 694.4 thousand, while employment increased 2.7 percent to 15.61 million. Meantime, the labor force gained 2.2 percent to 16.30 million. In October 2021, the jobless rate was also at 4.3 percent.
2022-01-10
Malaysia Jobless Rate Down to 4.3%
The unemployment rate in Malaysia declined to 4.3 percent in October 2021 from 4.7 percent in the same month a year earlier, as the economy recovered gradually from the coronavirus disruptions. The number of unemployed dropped 5.8 percent from a year earlier to 705.0 thousand, while employment increased 2.3 percent to 15.55 million. Meantime, the labor force gained 1.9 percent to 16.26 million. In September 2021, the jobless rate was at 4.5 percent.
2021-12-08
Malaysia Jobless Rate Ticks Down to 4.5% in September
The unemployment rate in Malaysia edged lower to 4.5 percent in September 2021 from 4.6 percent in the same month a year earlier, as the economy recovered gradually from the coronavirus disruptions. The number of unemployed fell 1.1 percent year on year to 729.6 thousand, while employment increased 1.8 percent to 15.46 million. Meantime, the labor force gained 1.6 percent to 16.19 million. In August 2021, the jobless rate was at 4.6 percent.
2021-11-09