Unemployment Rate In Malaysia 2020 Dosm

The unemployment rate measures the percentage of the unemployed population in the labour force with the labour force being those aged 15 to 64 and are either employed or unemployed. Unemployed persons increased by 17 1 per cent to 610 5 thousands as compared to 521 3 thousands in the same month in 2019. Unemployment rate increased to 3 9.

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Department Of Statistics Malaysia Official Portal

Meanwhile the number of unemployed persons in malaysia increased by 17 1 to 610 500 compared to the 521 300 that were unemployed in the same month of the previous year in 2019.

Unemployment rate in malaysia 2020 dosm. Hazrol zainal malaysiagazette 30 june 2020. Sales value of wholesale retail trade was the most affected sector in that month as it experienced a 36 6 decrease. Chief statistician datuk seri dr mohd uzir mahidin said the government s move to. Malaysia s unemployment rate has declined by 0 4 percentage points month on month in june 2020 to 4 9 per cent from a record high of 5 3 per cent in may 2020 the department of statistics malaysia dosm reported friday aug 7 on statistics of labour force malaysia june 2020.

According to the department of statistics malaysia dosm the unemployment rate in malaysia for march 2020 increased to 3 9 the highest it has been since june 2010. 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. According to the monthly statistics published by the department of statistics malaysia dosm the country s unemployment rate spiked to 5 as the number of unemployment went up by 48 8 year on year y o y or 778 800 people. In the department of statistics malaysia s dosm release of the may 2020 unemployment figures the situation had further worsened since joblessness reached 5 0 per cent in april.

The high unemployment rate in march 2020 reflects the negative impact of mco on the labour market. The unemployment rate in march 2020 increased to 3 9 per cent. Unemployment rate in malaysia averaged 3 32 percent from 1998 until 2020 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. The number of unemployed persons fell by 28 2 thousand to 745 1 thousand persons.

Unemployment rate continued to fall in july 2020 to 4 7 per cent after recording 4 9 per cent in june 2020. This page provides malaysia unemployment rate actual values historical data forecast chart statistics economic calendar and news. Kuala lumpur despite the department of statistics malaysia dosm showed that the unemployment rate has dropped after malaysia entered the recovery movement control order rmco the situation cannot be taken lightly. For more info www dosm gov my.