Number Of Unemployed Graduates In Malaysia

The kuala lumpur skyline at sunset on june 6 2014. Before the mco kicked in malaysia s unemployment was at 3 3 per cent. 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.

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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.

Number of unemployed graduates in malaysia. Meantime the labor force gained 1 2 percent to 15 90 million. According to the findings of a graduate tracer study in 2006 30 7 of graduates remained unemployed six months after convocation while 5 7 were still awaiting job placement. Graduate unemployment rate slightly lower most unemployed for less than six months. As the number of graduates continues to climb each year students are facing tough competition amidst a shaky economy.

Kuala lumpur may 14 the country is projected to record an unemployment rate of between 3 5 per cent and 5 5 per cent this year due to the impact from covid 19 the department of statistics malaysia dosm said. 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. In unveiling the first report of its kind for dosm mohd uzir said that the graduate unemployment rate had also slightly dipped to 3 9 per cent compared to 4 per cent in 2017 with the number of unemployed graduates totalling 162 000 people in 2018. The rise in bumiputera graduate unemployment should worry malaysians.

Graduate unemployment can be a bad thing. Anil netto s blog has the following statistics gleaned from a parliamentary response provided to pkr member of parliament william leong in 2009. But bumiputera unemployment can be explosive. In 2004 there were 4 594 unemployed graduates of whom 163 were.

The country s central bank bank negara malaysia bnm said between 2010 and 2017 the number of tertiary graduates entering the workforce surpassed the number of jobs created for them. In this infographic find out the truth behind why fresh graduates are unemployed in malaysia and learn about what you can do as a student to increase your employability. The number of unemployed persons increased by 17 1 per cent to 610 500 in march as compared to 521 000 in the same month. The study involved 132 900 graduates from 18 public universities 18 polytechnics 34 community colleges and 13 private institutions of higher learning from all over malaysia.

Picture by yusof mat isa.