September 2022 Unemployment Rate Down To 3.6%, New Low Since Start Of Covid-19
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(Image: The Malaysian Reserve)

The latest labour report from the Department of Statistics Malaysia (DOSM) indicated that Malaysia’s unemployment rate has improved to 3.6% in September 2022, as compared to 3.7% in the previous month. This translates to 605,000 unemployed individuals in September, dipping from 612,000 persons back in August.

Of the total unemployed individuals, the number of actively unemployed persons make up 82.1% of the group, with a dip of 2.1% from 507,300 persons in August to 496,600 persons in September. Actively unemployed individuals are defined as those who are unemployed but are actively looking for jobs. The inactively unemployed, on the other hand, make up the remaining 17.9% of the unemployed group.

Meanwhile, the working population continued its upward trend, growing by 0.2% from 16.02 million people in the previous month to 16.05 million people in September. It is comprised largely of the employees category, which accounted for 75.9% of the employed persons group – up 0.1% from the previous month. Own account workers (17.6%), employers (3.4%), and unpaid family workers (3.1%) make up the rest of the employed persons group.

Aside from announcing the unemployment rate for September, DOSM also shared key statistics of the Malaysian labour force for the third quarter of 2022 (3Q22). It noted that the unemployment rate for 3Q22 has declined to 3.7%, the lowest rate seen since the Covid-19 pandemic began in the second quarter of 2020 (2Q20).

On top of that, DOSM’s report also highlighted the unemployment rate by state, with Putrajaya recording the lowest at 1%, followed by Johor (2.5%), Perlis (2.5%), Malacca (2.6%), Penang (2.6%), and Pahang (2.9%). The remaining states all recorded unemployment rates of 3% and above.

(Source: DOSM [1, 2])

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