Graduate Unemployment in Malaysia
The rise in Bumiputera graduate unemployment should worry Malaysians. The unemployment rate in Malaysia declined to 38 percent in June 2022 the lowest since February 2020 from 48 percent in the same month a year earlier as the economy recovered.
As The Number Of Malaysian Graduates Increased In 2020 So Did Their Unemployment Rate Dosm
This matter is essential as a higher unemployment rate is expected due to the COVID-19 pandemic.
. The findings of a Graduate Tracer Study in 2006 involving 132 900 graduates from institutions of. Graduate and youth unemployment and under-employment may increasingly become a part of Malaysias broader structural growth challenge in the years to come. How many fresh graduates are there in Malaysia.
Various data sources were used in. Graduates Statistics 2020 presents the statistics of graduates in and outside labour force as well as graduates earning in Malaysia. Unemployed graduates have become a cause of concern in Malaysia.
Graduate unemployment can be a bad thing. If graduates work in a place that is not relevant their skills it can affect the nations. By conducting semi-structured interviews on ten graduates in one of the.
Malaysia Sees Higher Number of Unemployed Graduates. According to Key 2021 the unemployment rate in Malaysia reached a decade high of 46 percent despite some very little decline by 01 percent only after April 2021. According to data from Statistics Malaysia the number of graduates in Malaysia in 2020 was 536 million.
The number of unemployed graduates in Malaysia rose by over 225 per cent in 2020. Articles from Zul in Skor Career stated that there are about 5 factors in contributing the rates of high unemployment among graduates which are economy quality of education. The effect of graduates unemployment within the economic and social costs includes the personal costs to individual who are unemployed costs towards government and costs.
But Bumiputera unemployment can be explosive. According to Abd Rahman et al 2020 even after a year is over nearly 60 percent of Malaysian graduates are still unemployed and the percentage is expected to increase due. Underemployment and graduate unemployment are rising DSilva 2020.
The findings of a Graduate Tracer Study in 2006 involving 132 900 graduates from institutions of higher learning all over Malaysia indicated that 307 of graduates remained. Other than that the impact of graduates unemployment also leads to inefficiency in using resources. Latest reports show that at least 10 of Malaysian graduates have been getting a monthly income of between RM 10001 to RM 1500 since at least 2010.
As mentioned in the Graduate Tracer Study report nearly 60 percent of the graduates in Malaysia remain.
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