Unemployment in Malaysia

Malaysia Unemployment | Economic News & Forecasts

Malaysia - Unemployment

GDP growth accelerated in Q1 amid a broad-based improvement. Turning to this quarter, the government’s Endemic Phase strategy to live alongside the virus should be buttressing overall activity. In April, the unemployment rate reached its lowest level since the outbreak of the Covid-19 pandemic, which should have supported private spending. Similarly, the manufacturing PMI averaged higher in April–May compared to the previous quarter. On the external front, the country is expected to benefit from currently-elevated prices for its main exports: palm oil, rubber and natural gas. Meanwhile, on 1 June, Prime Minister Ismail Sabri Yaakob announced a ban on chicken exports in an effort to control rising price pressures. Although the ban has since eased to a selection of chicken products, the ongoing restrictions are likely to impact trade.

Malaysia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate3.1  3.5  3.3  3.3  3.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Malaysia Unemployment Chart


Malaysia Unemployment
Note: Unemployment in % of active population.
Source: Department of Statistics Malaysia.

Malaysia Facts

Value Change Date
Bond Yield3.320.15 %Dec 31
Exchange Rate4.090.0 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form