Malaysia Unemployment Rate

Unemployment Rate in Malaysia increased to 3.30 percent in January of 2014 from 3 percent in December of 2013. Unemployment Rate in Malaysia is reported by the Department of Statistics Malaysia. Unemployment Rate in Malaysia averaged 3.31 Percent from 1998 until 2014, reaching an all time high of 4.50 Percent in March of 1999 and a record low of 2.70 Percent in August of 2012. In Malaysia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Malaysia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.30 3.00 4.50 2.70 3.40 | 2014/06 1998 - 2014 Percent Monthly

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Malaysia Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-23 05:00 AM Malaysia
Unemployment Rate
Oct 2013 3.3% 3.1% 3.1%
2014-01-21 05:00 AM Malaysia
Unemployment Rate
Nov 2013 3.4% 3.3% 3.1%
2014-02-21 05:00 AM Malaysia
Unemployment Rate
Dec 2013 3.0% 3.4% 3.1%
2014-03-28 05:00 AM Malaysia
Unemployment Rate
Jan 2014 3.3% 3.0% 3.1%
2014-04-23 05:00 AM Malaysia
Unemployment Rate
Feb 2014 3.3% 3%
2014-05-21 05:00 AM Malaysia
Unemployment Rate
Mar 2014 3.1%
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Labour Last Previous Highest Lowest Forecast Unit
Unemployment Rate 3.30 2014-01-31 3.00 4.50 2.70 3.40 2014-06-30 Percent [+]
Employed Persons 12723.20 2012-12-31 12123.00 12723.20 5624.60 13461.42 2014-06-30 Thousand [+]
Job Vacancies 366203.00 2013-11-15 361080.00 745205.00 7850.00 328691.05 2014-06-30 [+]
Labor Force Participation Rate 67.80 2014-01-15 67.90 69.60 62.30 70.39 2014-06-30 Percent [+]
Retirement Age Men 60.00 2014-01-01 60.00 60.00 55.00 [+]
Retirement Age Women 60.00 2014-01-01 60.00 60.00 55.00 [+]
Unemployed Persons 396.30 2012-12-31 382.90 534.70 210.50 403.42 2014-06-30 Thousand [+]
Wages in Manufacturing 2755500.00 2014-02-15 2900530.00 3090050.00 83781.00 2962119.41 2014-06-30 MYR THO [+]
Population 29.20 2012-12-31 28.80 29.20 8.20 29.87 2014-06-30 Million [+]
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Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Malaysian Trade Surplus Widens To Highest in Nearly 2 Years  
Trade surplus in Malaysia increased to MYR 10.4 billion in February of 2014, up from MYR 8.2 billion a year earlier. Exports expanded at a double-digit 12.3 percent on the year due to a strong rise in electronic sales, liquefied natural gas products and machinery. Imports increased 9.5 percent.
Malaysian Inflation Rate Rises Further in February  
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.
Malaysia Trade Surplus Widens 94% in January over a Year Earlier  
In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.
Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%  
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.
Malaysia Inflation Rate Edges Up to 27-Month High  
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices.
Malaysian GDP Accelerates in Q4 2013  
In the last quarter of 2013, Malaysian economy expanded at a faster pace of 2.1 percent over the previous quarter, up from 1.7 percent in the previous three-month period. Full 2013 growth rate decelerated to 4.7 percent, from 5.6 percent in 2012.
Malaysia GDP Expands 5.1% in Q4 2013  
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
Malaysian Trade Surplus Shrinks Slightly in December  
In December of 2013, Malaysian trade surplus decreased slightly top MYR 9.47 billion, from MYR 9.7 billion in November. Yet, compared with the same month last year, the surplus widened from MYR 8.46 billion, as exports surged 14.4 percent.
Malaysia Monetary Policy Unchanged in January  
In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand.
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Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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