Newspaper Article About Unemployment In Malaysia

While the unemployment rate in february 2019 remained at 3 3 since september 2018 the number of unemployed stood at 516 400 a 1 6 increase against february 2018.

Newspaper article about unemployment in malaysia. It s normal that a section of malaysia s young should be jobless says prime minister tun dr mahathir mohamad. Malaysia news find latest news top stories about malaysia. The job deficit has exacerbated malaysia s already high youth unemployment rate of 13 2 per cent in 2017. This was according to latest statistics from the department of statistics malaysia.

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. Kuala lumpur june 15. Unemployment rate among youth between 15 and 24 years old is a normal. Malaysia employment rates are in good health with a total employment of 14 67 million people the dewan rakyat was told.

Malaysia s labour market felt the brunt of the movement control order mco implementation with unemployment in april spiking to 5 the highest since 1990 economists said it is likely to go higher in the coming months bank islam malaysia bhd chief economist dr afzanizam abdul rashid and sunway university economics professor dr yeah kim leng when contacted both. 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. Amid the covid 19 pandemic this year malaysia s unemployment rate is expected to shoot up to 4 this year from 3 3 in 2019 said bank negara malaysia bnm labour market conditions in general are expected to be weak this year affected by the covid 19 pandemic we expect the labour market to be considerably weaker and the unemployment rate to increase to about 4. Kuala lumpur april 3.