Unemployment Rate In Malaysia 2020

Malaysia recorded an unemployment rate of 4 7 month on month mom in august 2020 with the number of those unemployed showing a margi news item has been deleted company. This is also significantly higher than bank negara s expectation for the rate to rise to 4 or 629 000 people. 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.

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Unemployment rate in malaysia 2020. Unemployment rate goes down as labour force shows slight improvement in june 2020. Malaysia s unemployment rate rose to 5 3 in may from 5 in april the department of statistics malaysia said. Chief statistician mohd uzir mahidin said the number of. Kuala lumpur oct 16 the government is expecting the unemployment rate to drop to 4 5 per cent by december following the implementation of human resources development fund hrdf under the national economic recovery plan penjana.

The kuala lumpur skyline at sunset on june 6 2014. This number went down to 4 9 the following month as the country transitioned into recovery mco. Picture by yusof mat isa. The national unemployment rate reached a record high of 5 3 in may 2020 following the first mco introduced in march this year.

Malaysia s august 2020 unemployment rate remained at 4 7 compared to the preceding month based on the nation s estimated 741 600 unemployed persons against an expanded labour force of about 15 9 million people as the country contended with the impact of the covid 19 pandemic according to the statistics department today. The malaysian employers federation mef estimated that unemployment could reach up to two million this year or a staggering unemployment rate of 13. The unemployment rate in malaysia stood at 4 7 in august 2020 an increase of 1 4 when compared to the same period last year according to data from statistics malaysia. The number of unemployed surged 42 percent from a year earlier to 745 1 thousand while employment declined 0 7 percent to 15 07 million.

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. The unemployment rate in malaysia increased to 4 7 percent in july 2020 from 3 3 percent in the corresponding month of the previous year. Human resource minister datuk. Malaysia s unemployment rate may go up to 5 5pc this year says chief statistician.

The government has been mindful of balancing lives and livelihoods since businesses and public life reopened in june 2020.