The unemployment rate in Malaysia climbed to 4.7 percent in October 2020 from 3.2 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 46.1 percent from a year earlier to 748.2 thousand, while employment declined by 0.4 percent to 15.21 million. Meantime, the labor force rose 1.1 percent to 15.96 million. In September 2020, the jobless rate was at 4.6 percent. source: Department of Statistics, Malaysia

Unemployment Rate in Malaysia averaged 3.35 percent from 1998 until 2020, 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 December of 2020.

Unemployment Rate in Malaysia is expected to be 4.70 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 4.10 in 12 months time. In the long-term, the Malaysia Unemployment Rate is projected to trend around 4.00 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Malaysia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 5.30 2.70 1998 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-11 04:00 AM Jul 4.7% 4.9% 4.8%
2020-10-13 04:00 AM Aug 4.7% 4.7% 4.5%
2020-11-09 04:00 AM Sep 4.6% 4.7% 4.5%
2020-12-11 04:00 AM Oct 4.7% 4.6% 4.6%
2021-01-11 04:00 AM Nov 4.7% 4.7%
2021-02-08 04:00 AM Dec 4.7%
2021-03-08 04:00 AM Jan
2021-04-08 04:00 AM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Malaysia Jobless Rate Surges to 4.7% in October
The unemployment rate in Malaysia climbed to 4.7 percent in October 2020 from 3.2 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 46.1 percent from a year earlier to 748.2 thousand, while employment declined by 0.4 percent to 15.21 million. Meantime, the labor force rose 1.1 percent to 15.96 million. In September 2020, the jobless rate was at 4.6 percent.
2020-12-11
Malaysia Jobless Rate Jumps to 4.6% in September
The unemployment rate in Malaysia surged to 4.6 percent in September 2020 from 3.3 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed jumped 41.4 percent from a year earlier to 737.5 thousand, while employment declined by 0.2 percent to 15.19 million. Meantime, the labor force rose 1.1 percent to 15.93 million. In August 2020, the jobless rate was at 4.7 percent.
2020-11-09
Malaysia Jobless Rate Rises Sharply to 4.7% in August
The unemployment rate in Malaysia jumped to 4.7 percent in August 2020 from 3.3 percent in the corresponding month of the previous year, amid the severe impact caused by the COVID-19 pandemic. The number of unemployed surged 42.6 percent from a year earlier to 741.6 thousand, while employment declined by 0.2 percent to 15.15 million. Meantime, the labor force gained 1.2 percent to 15.90 million. In July 2020, the jobless rate was also at 4.7 percent.
2020-10-13
Malaysia Jobless Rate Rises to 4.7% in July
The unemployment rate in Malaysia increased to 4.7 percent in July 2020 from 3.3 percent in the corresponding month of the previous year. The number of unemployed surged 42 percent from a year earlier to 745.1 thousand, while employment declined 0.7 percent to 15.07 million. Meantime, the labor force went up 0.7 percent to 15.82 million.
2020-09-11

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.