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Malaysia Unemployment Rate
Last Release
Oct 31, 2024
Actual
3.2
Units In
%
Previous
3.2
Frequency
Monthly
Next Release
Jan 10, 2025
Time to Release
30 Days 6 Hours
Highest | Lowest | Average | Date Range | Source |
5.3 May 2020 | 2.7 Aug 2012 | 3.45 % | 1998-2024 | N/A |
In Malaysia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Latest Updates
The unemployment rate in Malaysia fell to 3.2% in October 2024 from 3.4% in the same month of the previous year. The latest figure remained the lowest level since January 2020, with the number of unemployed shrinking by 3.4% year-on-year to a 56-month low of 551.4 thousand people, while employment climbed by 1.9% to a fresh peak of 16.72 million. Meanwhile, the labor force participation rate increased to 70.5% in October from 70.1% in the same month a year earlier. In September 2024, the unemployment rate stood at 3.2%.
Malaysia Unemployment Rate History
Last 12 readings
