Unemployment Issues In Malaysia

Unemployment rate was 3 8 per centum which has increased 0 1percent. Unemployment rate was 3 8 percent which has increased 0 1percent. It was the highest jobless rate since the series began in march 1998 as the number of unemployed surged by 306 3 thousand to a record high of 826 1 thousand while employment fell 0 23 million to 14 89 million.

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The increase in unemployment is happening not only in malaysia but also across the world.

Unemployment issues in malaysia. Unemployment in malaysia malaysia s unemployment is relatively low and stable at around three percent which means the population is experiencing close to full employment. Kuala lumpur april 18. During 2003 malaysia was hit by dual critical incidents which were severe acute respiratory syndrome sars and iraq war robert evans 2003.

More and more graduates are facing unemployment in malaysia by vincent d silva february 3 2020 5 01am graduates will have to respond to the challenges by constantly upgrading their professional skills or by reskilling. The unemployment rate in malaysia increased to 5 3 percent in may 2020 from 3 3 percent in the same month a year earlier amid public health measures to contain the covid 19 crisis. It is estimated that rural youth unemployment could be as high 75 90 000.

The unemployment rate in the us rose to 16 25 in just five weeks which equals to 26 5 million americans. The country reached its. Meanwhile the labor force recorded an increase of 71 700 to 15 71 million.

Hence unemployment rate in malaysia is 3 7 percent on 2002. This is due to the university s inability to change the content of their courses quickly. There was an immediate consequence from the eruption of sars and iraq war due to the big sum of inter regional trade.

Unemployment has become a serious issue in malaysia says the malaysian institute of economic research mier noting that the slower economic growth could not support the labour market. Malaysia s khazanah research institute kri noted in a study released last december titled the school to work transition of young malaysians that 95 percent of young workers in unskilled jobs and 50 percent of those in low skilled manual jobs are over qualified for these occupations. Yet the problem of graduate unemployment continues.

During 2003 malaysia was hit by double critical incidents which were severe acute respiratory syndrome sars and iraq war robert evans 2003. This is statistically uncounted as many still live with their families and haven t claimed they are actively looking for work. Mier executive director emeritus professor dr zakariah abdul rashid expressed concern especially on the rising unemployment among youths.

Asia sentinel visited northern malaysia and the east coast to speak to civil servants and police officers on the ground about the problem. Rural youth unemployment has been endemic in malaysia s kampungs over the past decade. Malaysian employers federation mef executive director datuk shamsuddin bardan said currently many graduates who had been pursuing certain courses at the ipt were having jobs which did not match their qualifications.