| Malaysia Unemployment RateUnemployment Rate in Malaysia increased to 3.30 percent in September of 2012 from 2.80 percent in August of 2012. Unemployment Rate in Malaysia is reported by the Department of Statistics Malaysia. Historically, from 1998 until 2012, Malaysia Unemployment Rate averaged 3.3 Percent reaching an all time high of 4.5 Percent in March of 1999 and a record low of 2.8 Percent in March of 2012. In Malaysia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Malaysia Unemployment Rate. FROM TO UPDATE
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What has been driving it? What is your short-term forecast?
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment. Related terms are the labour force, the participation rate and the employment rate. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The non-labour force includes those who are not looking for work, those who are institutionalised such as in prisons or psychiatric wards, stay-at home spouses, children, and those serving in the military. The participation rate is the number of people in the labour force divided by the population of working age that is not institutionalised. The employment rate is defined as the number of people currently employed divided by the population of working age. TOP NEWS
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