FX.co ★ Malaysa Jobless Rate Holds Steady at 2.9%

Malaysia’s unemployment rate held steady at 2.9% in September 2026, unchanged from August. The number of unemployed individuals inched up 0.3% month-on-month to 513.2 thousand, while total employment expanded by 0.1% to 16.89 million. The labor force similarly grew 0.1% to 17.40 million. In contrast, the number of people outside the labor force was essentially unchanged, edging down slightly to 7.10 million from 7.11 million. Both the labor force participation rate and the employment-to-population ratio remained stable at 71.0% and 68.9%, respectively. At the same time, the youth unemployment rate for those aged 15–24 was unchanged at 10.1%, with 293.1 thousand young people unemployed.