Youth Unemployment Rate 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.

Youth unemployment rate in malaysia. According to the source the data are ilo estimates. Youth unemployment refers to the share of the labor force ages 15 24 without work but available for and seeking employment. The youth unemployment rate there had been increasing since 2015 and would probably be higher after the covid 19 pandemic. Malaysia youth unemployment rate for 2017 was 11 04 a 0 04 increase from 2016.

The youth unemployment rate in malaysia at 10 9 percent officially is more than triple the national rate of 3 3 percent and has been gradually rising over the past decade exacerbating the disgruntlement of a youth constituency that was instrumental in swinging the vote that brought the pakatan harapan coalition to power in the 2018 general election. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Jalan dato onn 50480 kuala lumpur malaysia. In 2020 the estimated youth unemployment rate in malaysia was.

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 youth unemployment rate for 2019 was 11 26 a 0 23 increase from 2018. Malaysian data indicates that unemployment rates for the youth are persistently higher and tends to be much more sensitive to economic conditions than the overall unemployment rate. In 2020 the youth unemployment rate in malaysia was 12 percent.

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. Malaysia youth unemployment rate for 2018 was 11 03 a 0 01 decline from 2017. In 2018 the youth unemployment rate in malaysia stood at 10 9 lower than the regional average of 12 2 in southeast asia and the pacific chart 1 but the third highest youth unemployment rate in asean after indonesia and the philippines. In malaysia this is an equally pressing issue.

The statistic shows the youth unemployment rate in malaysia from 1999 and 2020. Meantime the labor force gained 1 2 percent to 15 90 million.