How does Malaysia’s Q1 unemployment rate of 3.5% compare to Q4?

Question

Accepted Answer

Malaysia's Q1 Unemployment Rate Increased to 3.5%

Malaysia's unemployment rate for the first quarter (Q1) of the year stood at 3.5 per cent, marking an increase from the 3.3 per cent recorded in the previous quarter (Q4). This 3.5 per cent figure represents the highest unemployment rate observed in the country since the second quarter of 2017.
Unemployment Rate Trend

The Statistics Department's report indicated a rise in the unemployment rate from 3.3 per cent in the fourth quarter to 3.5 per cent in the first quarter. This uptick signifies a notable shift in the employment landscape compared to the preceding period.
Historical Context of Unemployment

The recorded 3.5 per cent unemployment rate in Q1 is the highest level seen since the second quarter of 2017. This historical comparison highlights the current rate as a significant point in recent employment trends.
International Comparison

While Malaysia's unemployment rate increased, it remains comparatively controlled when placed against the economic impacts of Covid-19 experienced globally. For instance, the Philippines saw its Q1 unemployment rate at 5.3 per cent (up from 4.5 per cent), Spain at 14.41 per cent (up from 13.78 per cent), and New Zealand at 4.2 per cent (up from 4.0 per cent).

Reading history

Hide →

This history is cleared when the page is closed.

How does Malaysia’s Q1 unemployment rate of 3.5% compare to Q4?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends