Unemployment in Malaysia

Malaysia Unemployment | Economic News & Forecasts

Malaysia - Unemployment

Activity likely took a hit in Q3, weighed on by strict Covid-19 curbs. Industrial output tumbled in July–August, while export growth eased significantly in the same period as restrictions hampered semiconductor production, weighing on shipments of electrical and electronic goods in turn. Moreover, nosediving retail sales in July–August point to waning consumer spending. However, a jump in the vaccination rate in recent months—with around 65% of the population fully vaccinated by mid-October—has prompted the gradual relaxation of curbs, boding well for activity in Q4. In other news, on 27 September, the prime minister unveiled the country’s 12th five-year spending plan, aiming to spend MYR 400 billion (around USD 95.5 billion) on existing schemes and MYR 260 billion on new projects, while promoting sustainable growth. Meanwhile, the government is set to table its 2022 budget on 29 October.

Malaysia - Unemployment Data

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

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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

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