Malaysia Unemployment Rate

Unemployment Rate in Malaysia decreased to 3.20 percent in February of 2014 from 3.30 percent in January of 2014. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.20 3.30 4.50 2.70 3.40 | 2014/06 1998 - 2014 Percent Monthly


Malaysia Unemployment Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-04-25 05:00 AM Malaysia
Unemployment Rate
Feb 2014 3.2% 3.3% 3%
2014-05-21 05:00 AM Malaysia
Unemployment Rate
Mar 2014 3.2% 3.1%
2014-06-23 05:00 AM Malaysia
Unemployment Rate
Apr 2014 3.5%

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 340492.96 2014-03-31 [+]
Labor Force Participation Rate 67.80 2014-01-15 67.90 69.60 62.30 68.86 2014-02-28 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 2755525.00 2014-02-15 2900530.00 3090050.00 83781.00 2952047.01 2014-03-31 MYR THO [+]
Population 29.20 2012-12-31 28.80 29.20 8.20 29.87 2014-06-30 Million [+]

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.


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.


Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.

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