Latest news with #EmployeeWagesStatistics(FormalSector)Report
New Straits Times
28-07-2025
- Business
- New Straits Times
Median monthly wage for formal sector rises to RM3,000 in Q1 2025
PUTRAJAYA: The median monthly wage for Malaysia's formal sector rose 5.5 per cent to RM3,000 in March 2025, up from RM2,844 a year earlier, according to the Employee Wages Statistics (Formal Sector) Report for the first quarter of 2025, released by the Department of Statistics Malaysia (DOSM) today. In a statement today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase reflects the country's continued economic growth and the impact of the revised minimum wage policy, which has positively influenced the labour market. As of March, he said the formal sector workforce stood at 6.8 million, comprising 55.1 per cent men and 44.9 per cent women. The median wage for male employees remained at RM3,000, while female employees saw a 6.5 per cent increase to RM2,982, compared to a 3.4 per cent rise for men. The highest year-on-year wage growth was recorded among workers under 20, with their median wage rising 13.3 per cent to RM1,700, largely driven by the reimplementation of the minimum wage policy in February. However, a slight drop was observed in the number of workers aged 20 to 24. He added that the mining and quarrying sector posted the highest median wage at RM8,800, although it accounted for just 0.6 per cent of total formal employment. The agriculture sector remained the lowest, with a median wage of RM2,200. Geographically, the Federal Territory of Kuala Lumpur recorded the highest median monthly wage at RM4,445 in March 2025, followed by Selangor at RM3,300. At the other end of the spectrum, Sabah posted a median wage of RM2,000, while Kelantan and Perlis recorded the lowest at RM1,800. Mohd Uzir said 27.4 per cent of Malaysian formal sector workers earned below RM2,000 per month as of March, down 3.8 percentage points from 31.2 per cent in the same month last year. He added that a percentile analysis revealed workers in the bottom 10th percentile earned RM1,700 or less, while those in the top 10th percentile earned at least RM11,000 per month. "This reflects an income gap where the top 10 per cent earn six times more than the bottom 10 per cent," he said. -- BERNAMA
Daily Express
28-07-2025
- Business
- Daily Express
Median monthly wage for formal sector rises to RM3,000 in Q1 2025: DOSM
Published on: Monday, July 28, 2025 Published on: Mon, Jul 28, 2025 By: Bernama Text Size: For illustrative purposes only. PUTRAJAYA: The median monthly wage for Malaysia's formal sector rose 5.5 per cent to RM3,000 in March 2025, up from RM2,844 a year earlier, according to the Employee Wages Statistics (Formal Sector) Report for the First Quarter of 2025, released by the Department of Statistics Malaysia (DOSM) today. In a statement today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase reflects the country's continued economic growth and the impact of the revised minimum wage policy, which has positively influenced the labour market. As of March, he said the formal sector workforce stood at 6.8 million, comprising 55.1 per cent men and 44.9 per cent women. The median wage for male employees remained at RM3,000, while female employees saw a 6.5 per cent increase to RM2,982, compared to a 3.4 per cent rise for men. The highest year-on-year wage growth was recorded among workers under 20, with their median wage rising 13.3 per cent to RM1,700, largely driven by the reimplementation of the minimum wage policy in February. However, a slight drop was observed in the number of workers aged 20 to 24. He added that the mining and quarrying sector posted the highest median wage at RM8,800, although it accounted for just 0.6 per cent of total formal employment. The agriculture sector remained the lowest, with a median wage of RM2,200. Geographically, the Federal Territory of Kuala Lumpur recorded the highest median monthly wage at RM4,445 in March 2025, followed by Selangor at RM3,300. At the other end of the spectrum, Sabah posted a median wage of RM2,000, while Kelantan and Perlis recorded the lowest at RM1,800. Mohd Uzir said 27.4 per cent of Malaysian formal sector workers earned below RM2,000 per month as of March, down 3.8 percentage points from 31.2 per cent in the same month last year. He added that a percentile analysis revealed workers in the bottom 10th percentile earned RM1,700 or less, while those in the top 10th percentile earned at least RM11,000 per month. 'This reflects an income gap where the top 10 per cent earn six times more than the bottom 10 per cent,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysian Reserve
30-04-2025
- Business
- Malaysian Reserve
Median wages in formal sector rose 5% from Dec 2023 to Dec 2024
by NURUL NAJMIN ABU BAKAR MEDIAN monthly wages in Malaysia's formal sector rose to RM3,045 in December 2024, up 5% from the same month last year. According to the Department of Statistics Malaysia (DOSM), the median wage increased from RM2,764 recorded in both October and November 2024, showing continued improvement in the labour market during the final quarter of the year. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the whole of 2024, the annual median wage grew by 6% compared to 2023, based on data from the Employee Wages Statistics (Formal Sector) Report, Fourth Quarter 2024. 'This increase in median wages shows the labour market is improving along with economic growth,' he said in a statement. The number of citizens working in the formal sector rose 2.3% year-on-year to 6.83 million people in December 2024, with an increase of 156,600 workers. Male employees made up 55.2% of the total or 3.77 million people, with a median wage of RM3,045, while females made up 44.8% or 3.06 million people, earning a median of RM3,000. Compared to December 2023, median wages for male employees grew by 3.4%, while female wages increased by 5.4%. All age groups recorded wage growth, with the highest increase of 8.3% seen in employees aged 65 and above, whose median wage rose to RM2,982. Employees under 20 years old saw their median wage increase for the first time since June 2022, rising by 1.8% to RM1,527, while those aged 45 to 49 earned the highest wage at RM4,082. All sectors saw wage growth in the fourth quarter, with the mining and quarrying sector recording the highest increase of 9.6% to RM7,500, though it made up only 0.6% of workers. The agriculture sector had the lowest median wage at RM2,382 but still posted a 3.6% year-on-year increase. Kuala Lumpur recorded the highest median wage by state at RM4,200, followed by Penang (RM3,382) and Selangor (RM3,300), while Sabah (RM2,000), Perlis (RM1,764) and Kelantan (RM1,664) were the lowest. In December 2024, 29.2% of formal employees earned below RM2,000 a month,a drop of two percentage points from the year before. 'The bottom 10% earned RM1,500 or less, while the top 10% earned at least RM10,800 which showed a gap of more than seven times,' he explained. Mohd Uzir added that DOSM will continue improving wage data by using more administrative sources to give a clearer view of the labour market.
