Labor market in malysia

•Malaysia’s labour market continued to improve in Q2 2022, spurred by the transition to endemic phase. Higher
number of demand for labour attributed to increase in employment and reduction of unemployment. In Q2 2022,
labour force continued to indicate a positive momentum with an increase of 2.3 per cent year-on year to 16.34 million
persons. Hence, Labour Force Participation Rate (LFPR) rose 0.9 percentage points to 69.2 per cent, recording a
higher rate than 69.1 per cent prior to the pandemic (Q4 2019). The number of employed persons rose by 3.2 per cent
to record 15.70 million persons while employment-to-population ratio continued to trend up to 66.5 per cent. In the
meantime, the number of unemployed persons declined by 123.0 thousand to 642.0 thousand persons, registering an
unemployment rate of 3.9 per cent which was the lowest rate recorded since the pandemic.
.
Concomitant to the country’s shift to the endemic
phase, businesses had resumed in full swing at the
normal pre-pandemic hours throughout Q2 2022. This
was reflected in the labour market as the number of
people working less than 30 hours per week
registered a new low since the public health crisis in
2020, after a decline of 31.6 per cent from Q2 2021 to
324.5 thousand persons. Accordingly, the rate of
time-related underemployment declined 0.8
percentage points to 1.4 per cent. Meanwhile, skill-
related underemployment which comprised more than
one-third of tertiary educated employed
persons decreased by 1.0 percentage point to 36.7 per
cent in Q2 2022
1996 2.5

1997 2.5

1998 3.2

1999 3.4

2000 3

2001 3.5

2002 3.5

2003 3.6

2004 3.5

2005 3.5
2006 3.3

2007 3.2

2008 3.3

2009 3.7

2010 3.3

2011 3

2012 3.1

2013 3.2

2014 2.9

2015 3.1

2016 3.4

2017 3.4

2018 3.3

2019 3.3

2020 4.5

2022 4.6
 Employment
During the second quarter of 2022, total jobs in the
economic sector were 8.619 million jobs, expanded
by 3.2 per cent as compared to 8.352 million jobs in
Q2 2021. The rate of filled jobs decreased to 97.8 per
cent to record 8.427 million filled jobs in this quarter
(Q2 2021: 97.9%), whereas the rate of job vacancies
increased marginally by 0.1 percentage point
registering 2.2 per cent (Q2 2021: 2.1%) with 191
thousand job vacancies (Q2 2021: 178 thousand).
The number of jobs created increased at a faster pace
to 29.4 thousand as compared to 16.2 thousand in the
second quarter of 2021. Analysing the quarter-on-
quarter performance, the number of jobs created
continued to rise from 25.8 thousand to 29.4
thousand during this quarter. For the record, the
number of jobs created in this quarter was the highest
number recorded during the pandemic period
 Related Last Unit
Referenc
e Unemployment
Unemployment Rate 3.70 percent Jul 2022

Unemployed Persons 620.70 Thousand Jul 2022 The unemployment rate in Malaysia declined to 3.7
percent in July 2022, the lowest since February
Employed Persons 15980.00 Thousand Jul 2022
2020, from 4.8 percent in the same month a year
Labor Force Participati 69.60 percent Jul 2022 earlier, as the economy recovered from the
on Rate coronavirus hit. The number of unemployed
Wages in Manufacturin 3391.00 MYR/ May
g Month 2022
plunged 20.2 percent from a year earlier to 620.7
thousand, while employment increased 4.5 percent
Population 32.60 Million Dec 2021 to 15.98 million. Meantime, the labor force rose 3.3
percent to 16.60 million. In May 2022, the jobless
Wages 2933.00 MYR/ Dec 2020
Month rate was at 3.8 percent.
 Actual Previous Highest Lowest Dates Unit Frequency

3.70 3.80 5.30 2.70 1998 - 2022

Malaysia Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
In Malaysia, the unemployment
2022-08-09 04:00 AM Jun 3.8% 3.9% 3.9%
rate measures the number of
people actively 2022-09-09 04:00 AM Jul 3.7% 3.8% 3.8%

2022-10-11 04:00 AM Aug 3.7%