Causes Of Unemployment In Malaysia

Meantime the labor force gained 1 2 percent to 15 90 million. For the first time we now have clear statistics of unemployment among youth including those who have just recently graduated. Causes of unemployment in malaysia 874 words 4 pages issues and concerns of unemployment in malaysia for decades unemployment is seen as a negative issue that affects a country all over the world including malaysia.

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The study aim to investigate the factors that cause unemployment such as consumption investment government spending and trade.

Causes of unemployment in malaysia. 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. If someone gives up looking for work on the other hand the bls does not count them in the unemployment rate. The overall goal of the study is to examine the factors that cause and affect the unemployment in malaysia. Unrealistic salary or benefits expectations 72 2.

No one particular country or community can be said to be suffering from the dark sides of unemployment. Too picky about the job or company 64 3. As stated by the department of statistics malaysia the unemployment rates among fresh graduates have increased from 30 in 2013 to 34 in 2016 and national unemployment was 3 5 out of 14 million malaysians in the labour market. If someone retires goes back to school or leaves the workforce to take care of children or other family members that is not unemployment because they no longer look for work.

The overall end of the survey is to analyze the factors that cause and affect the unemployment in malaysia. Not all causes of joblessness create unemployment. Advanced economies are as troubled by this phenomenon as the rest of the world. It is important to identify these factors in order to find solutions which can reduce unemployment rate.

The survey purpose to look into the factors that cause unemployment such as ingestion investing authorities disbursement and trade. The news site spoke to jobstreet malaysia senior marketing communications executive jessica heng who said that the company s 2017 survey revealed the top five reasons why the unemployment rate among fresh graduates in malaysia is rising namely. 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. Of all the many causes of unemployment which exist the main causes of unemployment can be pointed to the global economic crisis which exists at the moment and has been existing for a while.

This economic crisis has affected in a very negative manner the trade between countries. 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. Unemployment is a global phenomenon and there are many unemployment causes. It is of import to place these factors in order to happen solutions which can cut down unemployment rate.