Article About Unemployment In Malaysia

The increase in unemployment is happening not only in malaysia but also across the world.

Article about unemployment in malaysia. Malaysia s august 2020 unemployment rate remained at 4 7 compared to the preceding month based on the nation s estimated 741 600 unemployed persons against an expanded labour force of about 15 9 million people as the country contended with the impact of the covid 19 pandemic according to the statistics department today. 2 4 1 severance pay severance pay in malaysia is regarded as a form of unemployment related benefit for both employers and employees eva liu walter and kwong 2000. However malaysia does not have any unemployment benefits system but the government has prepared a several types of welfare benefit system. The number of unemployed jumped 41 4 percent from a year earlier to 737 5 thousand while employment declined by 0 2 percent to 15 19 million.

The unemployment rate in the us rose to 16 25 in just five weeks which equals to 26 5 million americans. Kuala lumpur june 15. In a statement chief statistician malaysia datuk seri dr mohd uzir mahidin said the closure of operations for most businesses during the movement control order mco. Yet the problem of graduate unemployment continues.

2 the ratio of youth unemployment to the national average has been rising over the past decade. Our 21 public sector universities and 38 private sector universities produce something like 51 000 graduates a year but nearly 60 remain unemployed one year after graduation according to a study in 2018 conducted by the minstry of education malaysia s graduate tracer study. Malaysia s unemployment rates have hovered between 3 2 and 3 3 per cent since late last year. The unemployment rate in march 2020 increased to 3 9 per cent.

Kuala lumpur oct 13. Malaysia s unemployment rate in april 2020 spiked to 5 the highest since 1990 as unemployed persons went up 48 8 year on year y o y to 778 800 persons. Covid 19 has definitely highlighted how the gig economy has become an integral part of the new economy. The unemployment rate in malaysia surged to 4 6 percent in september 2020 from 3 3 percent in the corresponding month of the previous year amid the severe impact caused by the covid 19 pandemic.