Quick Answer: What is current unemployment rate in Malaysia?

What is the unemployment rate in Malaysia 2021?

The unemployment rate in Malaysia for August 2021 declined by 4.6 percent to 748,800 persons versus 778,200 persons in July 2021 amid more economic activities permitted to resume, the Statistics of Labour Force, Malaysia, August 2021 disclosed today.

What is the unemployment rate today 2020?

All 50 states and the District had jobless rate decreases from a year earlier. The national unemployment rate, 5.4 percent, declined by 0.5 percentage point over the month and was 4.8 points lower than in July 2020.

What is the highest unemployment rate in Malaysia?

Unemployment Rate in Malaysia averaged 3.42 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.

What is the current unemployment rate in 2021?

According to the economic projections of the Federal Reserve, the unemployment rate in the US will average at 4.5% by the end of 2021 and pursue its fall in 2022 and 2023, reaching 3.8% and 3.5% levels correspondingly.

What is high unemployment rate?

A high unemployment rate means that the economy is not able to generate enough jobs for people seeking work.

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