Unemployed Graduates In Malaysia 2020
In 2020 the unemployment rate in malaysia was at approximately 3 38 percent.
Unemployed graduates in malaysia 2020. 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. Unemployed persons increased by 17 1 per cent to 610 5 thousands as compared to 521 3 thousands in the same month in 2019. 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 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.
Malaysia s unemployment rate is now the highest in a decade at 3 9 per cent as people saw their livelihoods affected amid covid 19 and the movement control order mco said the. Unemployment rate increased to 3 9. The ministry of higher education mohe said 75 000 out of 300 000 fresh graduates are expected to be unemployed this year due to the economic downturn caused by the covid 19 pandemic speaking during an event yesterday 28 september higher education minister datuk seri noraini ahmad said the estimation is based on last year s unemployment figures among fresh graduates reported malay mail. 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 high unemployment rate in march 2020 reflects the negative impact of mco on the labour market. Unemployment in malaysia. According to a study conducted by ministry of education malaysia s graduate tracer study show that a combined number of 51 000 students from both private and public universities graduate each year. 6 months after graduation.
Both graduates and non graduates who have had trouble entering the job market. Every year over 290 000 students graduate from institutions of higher learning. Studies show that 1 out of every 5 graduates remain unemployed. Here s the hard truth being a university graduate no longer guarantees you a job.
These graduates make up 55 of those who are unemployed. The unemployment rate in march 2020 increased to 3 9 per cent.