The Problems of Unemployment Among Malaysia Graduates.
Unemployment represents the number of people in the work force who want to work but do not have a job. It is generally stated as a percentage and calculated by dividing the number of people who.
This matter is a grave concern as this will decrease the image of our educational system in Malaysia. Companies or employees might someday totally lost interest in our graduates due to the statistics of high unemployment rates if the root causes of the problem have not been identified.
In Malaysia, the unemployment rate is considered low compared to the early years such as 1986 where the unemployment rate reached as high as 7. 6%. Today the unemployment rate is still affected by many factors and in order to make sure it doesn’t reach as high as before, we need to find out the causes of unemployment so that we can provide a solution to the cause of it. Foreign labor force.
According to the Department of Statistics Malaysia on 30 November 2010 report that the current rate unemployment in Malaysia is 3.1 percent. The total labor force in September 2010 was 11,561.4. From that, 11,197.2 people are working and the number of unemployed persons was 364.2, or 3.2 percent. From 1998 until 2010, Malaysia’s unemployment rate averaged 3.4 percent reaching an historical.
Causes of unemployment. Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. From the demand side, it may be caused by high interest rates, global recession, and financial crisis. From the supply side, frictional unemployment and structural employment play a great role. Effects. The impact of unemployment can be felt by.
The negative effects of unemployment can be lessened. Individuals who face unemployment with greater financial resources, as well as those who report lower levels of subjective financial strain, report better mental health and more life satisfaction than those who experience unemployment with fewer economic resources and a greater sense of financial stress (McKee-Ryan et al., 2005). Social.
Malaysia Unemployment Rate (From July 2010 until January 2012) The unemployment rate in Malaysia was last reported at 3 percent in April of 2012. Historically, from 1998 until 2012, Malaysia Unemployment Rate averaged 3.3600 Percent reaching an all time high of 4.5000 Percent in March of 1999 and a record low of 2.8000 Percent in March of 2012.