Issue Of Unemployment In Malaysia
Mier executive director emeritus professor dr zakariah abdul rashid expressed concern especially on the rising unemployment among youths.
Issue of unemployment in malaysia. 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. In malaysia the unemployment rate is at 3 5 in march 2016 compared to 3 4 in the previous three months department of statistics 2016. The number of unemployed dropped to 773 2 thousand.
Unemployment rate was 3 8 percent which has increased 0 1percent. September 10 the youth unemployment rate in malaysia at 10 9 per cent officially is more than triple the national rate of 3 3 per cent and has been gradually rising over the past decade exacerbating the disgruntlement of a youth constituency that was instrumental in swinging the vote that brought the pakatan harapan coalition to power in the 2018 general election. Looking at the labor data the problem of youth unemployment in malaysia is multifaceted having strong age geographic and income components.
Yet the problem of graduate unemployment continues. Our 21 public sector universities and 38 private sector universities produce something like 51 000 graduates a year but nearly 60 remain unemployed one year after graduation according to a study in 2018 conducted by the minstry of education malaysia s graduate tracer study. In malaysia the unemployment problem has been a very observable phenomenon.
Meanwhile the labor force went up to 15 76 million. 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. Hence unemployment rate in malaysia is 3 7 percent on 2002.
Malaysia jobless rate drops 4 9 in june the unemployment rate in malaysia fell to 4 9 percent in june 2020 from a record high of 5 3 percent a month earlier as the country gradually lifted strict coronavirus lockdown restrictions.
