Rate Of Unemployment In Malaysia

Malaysia s unemployment rate is now the highest in a decade at 3 9 per cent as people saw their livelihoods affected amid covid 19 and the movement control order mco said the. Afzanizam said the unemployment rate should subside in the coming months as the economy gradually reopens following the implementation of the conditional mco from may 4 and the recovery mco from june 10. Two months of moderation in the unemployment rate which is 4 7 per cent in july and 4 9 per cent in june suggest that the worst of the covid 19 impact on the nation s job markets is behind us.

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It was the highest jobless rate since march 2009 as the number of unemployed surged 17 1 percent from a year earlier to 610 5 thousand while employment rose 1 3 percent to 15 23 million.

Rate of unemployment in malaysia. Kuala lumpur may 14 the country is projected to record an unemployment rate of between 3 5 per cent and 5 5 per cent this year due to the impact from covid 19 the department of statistics malaysia dosm said. This statistic shows the unemployment rate in malaysia from 1999 to 2019. In 2019 the unemployment rate in malaysia was at approximately 3 32 percent. Malaysia s unemployment rate rose to 5 3 in may from 5 in.

The department of statistics says the number of unemployed individuals went up by 47 300 to 826 100 in may. The unemployment rate in malaysia increased to 3 9 percent in march 2020 from 3 4 percent in the corresponding month of the previous year. Chief statistician datuk seri dr mohd uzir mahidin said the government s move to. Bank islam malaysia bhd chief economist dr afzanizam abdul rashid and sunway university economics professor dr yeah kim leng when contacted both said the rate came in within expectations.