Unemployment in Malaysia

Malaysia Unemployment | Economic News & Forecasts

Malaysia - Unemployment

Recent economic data has been largely underwhelming, even though retail sales continued growing at a robust pace in October and November as consumers benefited from low inflation. Export growth came to a virtual standstill in November on a sharp contraction in shipments of palm oil and palm oil-based products, offsetting a jump in foreign demand for refined petroleum products. Meanwhile, import growth eased on softer demand for consumption goods. Furthermore, output in the manufacturing sector weakened in November, which lead industrial production growth to soften, while in December operating conditions in the manufacturing sector worsened at the sharpest pace since the PMI survey began over six years ago. Taken together, this suggests that the manufacturing sector ended the year on a weak footing. On the political front, the government introduced measures at the start of the year, including cash handouts and free health insurance, in an effort to support low-income earners and reduce income inequality.

Malaysia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.1  2.9  3.1  3.5  3.4  

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Malaysia Unemployment Chart


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

Malaysia Facts

ValueChangeDate
Bond Yield4.080.15 %Jan 30
Exchange Rate4.110.0 %Jan 30
Stock Market1,684-0.29 %Jan 30

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