Unemployment rate in Malaysia rose to 3.0% in July 2013

The labor market showed positive growth in July 2013 with the increase in the working population of 30,400 people (0.2%) to 13.5 million people. However, there are a total of 421.200 inhabitants in the number of unemployed increased from 392.700 people in the previous month.

Further, the unemployment rate is found to increase slightly by 0.2 percentage point to 3.0 percent in July 2013. When compared with the record in July 2013, found to lower the unemployment rate by 0.1 percentage points from 3.1 percent.

The seasonally adjusted unemployment rate also increased to 0.3 per cent recorded in the previous month to 3.0 percent in July 2013.

Labor market in Malaysia in July 2013.

Indicators	July 2013	June 2013	Changes (%)	July 2012	Changes (%)
Labour ('000)	13,919.4	13,860.5	0.4	13,162.6	5.7
Employed ('000)	13,498.2	13,467.8	0.2	12,760.4	5.8
Unemployed ('000)	421.2	392.7	7.3	402.3	4.7
Foreign Labour ('000)	6505.5	6578.8	-1.1	6725.5	-3.3
Labor Force Participation Rate (%)	68.1	67.8	0.3	66.2	1.9
Unemployment Rate (%)	3.0	2.8	0.2	3.1	-0.1
Seasonally Adjusted
Unemployment Rate (%)	3.0	2.7	0.3	3.2	-0.2

Unemployment rate in Malaysia

Unemployment rate in Malaysia - From our latest research and study in April 2013, the Malaysia Unemployment Rate was decreased from 3.3% in March of 2013 to 3% in April of 2013. Our research data came from the Department of Statistics Malaysia themselves.

If we go back to the past time, the averaged 3.33% from 1998 until this year of 2013, we got that the rate record reaching an all time high of 4.50% in March of 1999 and a record low of 2.70% in August of 2012.

Indeed the unemployment rate in Malaysia dealings the number of people passively searching for a career as a percentage of the labour force. Through this article we includes a diagram with historical data of Malaysia unemployment rate in a picture below:



Below we provide the table of forecast probability for the next month of June until September 2013:

CALENDAR	GMT	Country	Event	Reference	Actual	Previous	Consensus	Forecast
2013-03-21	05:00 AM	Malaysia	Unemployment Rate	2013-01-31	3.3%	3.3%
2013-04-22	05:00 AM	Malaysia	Unemployment Rate	2013-02-28	3.0%	3.3%
2013-05-21	05:00 AM	Malaysia	Unemployment Rate	2013-03-31	3.3%	3.0%
2013-06-21	05:00 AM	Malaysia	Unemployment Rate	2013-04-30	3.0%	3.3%		3.29%
2013-07-22	05:00 AM	Malaysia	Unemployment Rate	2013-05-31		3.0%		3.1%
2013-08-21	05:00 AM	Malaysia	Unemployment Rate	2013-06-30				3%
2013-09-23	05:00 AM	Malaysia	Unemployment Rate	2013-07-31				3%

Another additional information that relate to our research collected in the table below:

Labour	Last		Previous	Highest	Lowest	Forecast		Unit	Trend
Unemployment Rate	3.00	2013-04-30	3.30	4.50	2.70	3.10	2013-05-31	Percent
Employed Persons	12123.00	2011-12-31	11776.80	12123.00	5624.60	12154.10	2012-12-31	Thousand Persons
Job Vacancies	322146.00	2013-02-15	429928.00	745205.00	7850.00	439630.42	2013-06-30	Jobs
Unemployed Persons	382.90	2011-12-31	395.80	534.70	210.50	381.84	2012-12-31	Thousand Persons
Wages in Manufacturing	2742543.00	2013-04-15	2834357.00	2834357.00	83781.00	2699921.83	2013-05-31	MYR THO
Population	28.86	2011-12-31	28.50	28.86	8.14	28.90	2012-12-31	Million

Notes: The unemployment rate in Malaysia described as the number of people passively searching for a career divided by the work force. Changes in unemployment count frequently on inflows made up of non-employed people starting to look for careers, of employed people who already lose their occupations and try to find a new ones and of people who stop searching for employment.