Issue Of Unemployment In Malaysia

Once unemployment issue is non solved creative activity of jobs to the unemployed alumnuss states society and even the state will surely. 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 comparison the national unemployment rate went up by only 0 2 from 2 9 to 3 1.

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

Issue of unemployment in malaysia. Equally long as a individual is involved in the labour market he or she may one twenty four hours go unemployed. The unemployment rate in malaysia jumped to 4 7 percent in august 2020 from 3 3 percent in the corresponding month of the previous year amid the severe impact caused by the covid 19 pandemic. The other issue is the low income in malaysia zakariah said at mier s 22nd corporate economic briefing today. 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.

Meantime the labor force gained 1 2 percent to 15 90 million. Once unemployment issue is not solved creation of problems to the unemployed graduates nations society and even the country will certainly arise. Yet the problem of graduate unemployment continues. According to bank negara malaysia s 2016 annual report the unemployment rate among youths rose 1 2 from an estimated 9 5 to 10 7 in 2015.

Unemployment is a negative issue that may originate in every state around the universe. Unemployment is a negative issue that may arise in every country around the world. As long as a person is involved in the labor market he or she may one day become unemployed. The unemployment rate in the us rose to 16 25 in just five weeks which equals to 26 5 million americans.

Covid 19 has definitely highlighted how the gig economy has become an integral part of the new economy. Malaysia s unemployment rates have hovered between 3 2 and 3 3 per cent since late last year. The unemployment situation among graduates has grown from a matter of gnawing concern to an issue that leaves furrows in the brows of education planners. The number of unemployed surged 42 6 percent from a year earlier to 741 6 thousand while employment declined by 0 2 percent to 15 15 million.