What is the unemployment situation in Malaysia?

Characteristic Unemployment rate
2019 3.31%
2018 3.3%
2017 3.41%
2016 3.44%

What is unemployment in Malaysia?

Unemployment Rate in Malaysia averaged 3.40 percent from 1998 until 2021, reaching an all time high of 5.30 percent in May of 2020 and a record low of 2.70 percent in August of 2012.

How many people jobless in Malaysia?

KUALA LUMPUR (July 27): Malaysia saw its number of unemployed graduates rise 22.5% last year to 202,400 from 165,200 in 2019, the latest report from the Department of Statistics Malaysia (DOSM) revealed.

How is the employment rate in Malaysia?

Employed persons increased marginally in May 2021 by 0.1 per cent or 18.8 thousand persons to 15.37 million persons (April 2021: 15.35 million persons). The employment-topopulation ratio which indicates the ability of an economy to create employment stood at 65.4 per cent.

Is unemployment rate in Malaysia high?

In 2020, the unemployment rate in Malaysia was at approximately 4.55 percent. Malaysia’s unemployment is relatively low and stable at around three percent which means the population is experiencing close to full employment. The country reached its lowest level of unemployment in 2014, with a rate of 2.85 percent.

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Why is unemployment a problem?

Unemployment has costs to a society that are more than just financial. Unemployed individuals not only lose income but also face challenges to their physical and mental health. Societal costs of high unemployment include higher crime and a reduced rate of volunteerism.

What is the current unemployment rate 2020?

U.S. monthly unemployment rate

However, it rose again to 8.1 percent in 2020.

What is the poverty rate in Malaysia?

The incidence of absolute poverty also increased from 5.6 per cent (2019) to 8.4 per cent. Meanwhile, the incidence of hardcore poverty is estimated to increase from 0.4 per cent (2019) to 1.0 per cent which involved 78.0 thousand households (2019: 27.2 thousand households).

What is Malaysia inflation rate?

In 2019, the average inflation rate in Malaysia amounted to about 0.66 percent compared to the previous year.

Malaysia: Inflation rate from 1986 to 2026 (compared to the previous year)

Characteristic Inflation rate compared to previous year
2020* -1.14%
2019 0.66%
2018 0.97%

How many adults work in Malaysia?

The number of employed persons continued to post a positive growth in March 2021 by 0.4 per cent (+58.7 thousand persons) month-on-month to 15.33 million persons (February 2021: 15.27 million persons).

How many companies are there in Malaysia?

Malaysia: Number of companies listed on the stock exchange

The latest value from 2020 is 927 companies.

How do you calculate unemployment rate?

In general, the unemployment rate in the United States is obtained by dividing the number of unemployed persons by the number of persons in the labor force (employed or unemployed) and multiplying that figure by 100.

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