High Unemployment Rate in Malaysia Essay - 1806 Words.

For the first time, we now have clear statistics of unemployment among youth, including those who have just recently graduated. 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.

Causes of Unemployment 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.

CAUSES FOR UNEMPLOYMENT. There are several causes for unemployment and it depends on prevailing conditions of economy and also on individual’s perception. The following are some of the causes for unemployment: Change in technology is one of the serious cause for unemployment.

The issue of unemployment is a suffer for the majority of countries in the world and it is clear that the wealthier a nation is, the better it deals with such a case. I think that everything derives from the point that in well developed states people are replaced by machines, robots and computers at work.

Conclusion Most of the people we surveyed from various ages, genders and occupations believe that the issue of unemployment is currently present in Malaysia. However, most of the citizens of Malaysia is oblivious to the fact that the reason of unemployment are not caused only by the government but also the people of Malaysia.

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.

In Malaysia, there are graduates remain unemployed need more concern by the government because it have become a serious case in Malaysia. In year 2015 involving 132,900 graduates from institutions of higher learning all over Malaysia shows that over half of graduates remained unemployed after graduation, while 9.7% were still awaiting job placement.

There are several problems of the unemployment among Malaysia graduates such as lack of skill experiences, Malaysia graduates demand too much on salary and employer does not believe in fresh graduates. Firstly, the main problem ability of the unemployment among Malaysia graduates is the lack of skills and experiences.

Blog. 10 April 2020. Prezi’s Staff Picks: Remote work advice from the largest all-remote company; 9 April 2020. Environmental education resources to commemorate Earth Day’s 50th anniversary.

Impacts Of Introduction Of Unemployment Insurance In Malaysia Economics Essay Unemployment security is a elbow state-federal program that gains capital utilitys to prime laborers. It is to gain impermanent financial protection to waste laborers who are waste through no misdeed of their possess.

Essays on unemployment typically attempt to dissect the problem, assess its impact on individuals and society, propose various strategies of tackling it (for instance, introducing a universal basic income), present specific study cases (for instance, unemployment among graduates, or in a given country), reflect or analyze the relationship with other social or economic phenomena (for instance.

The main objective of this paper is to investigate the unemployment and growth rates of Malaysia. Unemployment is an important issue for developing economies in a country. Inefficiently of using labor resources will cause to high unemployment rate. The result shows that the economics in Malaysia is better with high employment.