Issue Of Unemployment In Malaysia
In comparison the national unemployment rate went up by only 0 2 from 2 9 to 3 1.
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 situation among graduates has grown from a matter of gnawing concern to an issue that leaves furrows in the brows of education planners. The youth of malaysia are the ones who are most disenchanted with the new government s actions and policies.
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. The number of unemployed persons decreased marginally by 3 5 thousand persons to 741 6 thousand persons.
Once unemployment issue is non solved creative activity of jobs to the unemployed alumnuss states society and even the state will surely. 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. Once unemployment issue is not solved creation of problems to the unemployed graduates nations society and even the country will certainly arise.
As long as a person is involved in the labor market he or she may one day become unemployed. The other issue is the low income in malaysia zakariah said at mier s 22nd corporate economic briefing today. Meantime the labor force gained 1 2 percent to 15 90 million.
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 unemployment rate in the us rose to 16 25 in just five weeks which equals to 26 5 million americans. The increase in unemployment is happening not only in malaysia but also across the world.
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. The unemployment rate in august 2020 remained at 4 7 per cent. Unemployment is one of the issues still plaguing the nation with the overall unemployment rate stagnant at 3 3 percent according to the malaysian department of statistics in their january 2019 monthly statistical bulletin.
Malaysia s gdp contracted 17 1 per cent from a marginal growth of 0 7 per cent in the first quarter of 2020.