DOSM chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that the unemployment among fresh graduates are mainly caused by the unfavourable economic environment in 2020 due to the Covid-19 outbreak in Malaysia.
Why there are many unemployed graduates in Malaysia?
Recent statistics show various factors contributing to unemployment among youth in Malaysia. According to the Ministry of Finance (2019), unemployment among youth is due to i) lack of work experience, ii) lack of skills, iii) insufficient education levels, and iii) skills incompatibility to compete in the labor market.
What is the cause of graduates unemployment?
Thereafter, the possible causes were investigated, such as lack of experience, lack of soft skills, skills mismatch, poor quality of education of the graduates, discrimination by employers, etc.
What is the reason of unemployment in Malaysia?
In the current situation, unemployment in Malaysia, in particular youth unemployment, has increased due to certain unbalance in the labor market, aggravated by the current economic and financial crisis.
How many graduates are unemployed in Malaysia?
The number of graduates in Malaysia in 2020 was 5.36 million persons, increased by 4.4% from 2019 (5.13 million persons), according to data from Statistics Malaysia. Meanwhile, the graduate unemployment rate spiked to 4.4%.
Why fresh graduates are unemployed and jobless in Malaysia?
DOSM chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that the unemployment among fresh graduates are mainly caused by the unfavourable economic environment in 2020 due to the Covid-19 outbreak in Malaysia. … In addition, he said that the unemployment rate had increased from 3.9% in 2019 to 4.4% in 2020.
Why do graduates fail to get a job?
Fresh graduates face steep competition
As the number of college graduates and degree holders has increased during the past years, so has the number of job applicants vying for the same position. This means tough competition in the job market, specifically for entry-level posts.
How can a graduate overcome unemployment in Malaysia?
restructuring the educational system in order to increase the students’ achievements 2. increasing the graduates’ skills in order to increase the marketability of the graduates, and 3. restructuring the labour market system in order to develop Malaysia as a high-income nation.
How many graduates are unemployed?
What percentage of graduates get a job? The number of graduates in professional roles is 73.9%, and up to 87.7% of graduates get a job. Only 3% of graduates are unemployed, and around 15% are considered to be inactive, meaning neither employed nor unemployed.
What are the 4 types of unemployment?
There are basically four types of unemployment: (1) demand deficient, (2) frictional, (3) structural, and (4) voluntary unemployment.
What are the 5 causes of unemployment?
A look at the main causes of unemployment – including demand deficient, structural, frictional and real wage unemployment.
Main types of unemployment
- Occupational immobilities. …
- Geographical immobilities. …
- Technological change. …
- Structural change in the economy. …
- See: structural unemployment.
What should an unemployed graduate do?
I have come up with five tips to help keep unemployed graduates going.
- Tip One – Volunteer. …
- Tip Two – Consider Doing A Part-Time/Temporary Job. …
- Tip Three – Redesign Your CV. …
- Tip Four – Take A Free Online Short Course. …
- Tip Five – Introspect. …
- Tip Six – Stay Active.
Why Many locals graduates are still jobless?
Locals prefer higher-end jobs,” Shamsuddin said. Shamsuddin seems to suggest that the reason most of these graduates remain unemployed is because they are picky when it comes to job selection.
How do fresh graduates solve unemployment?
Three ways to reduce graduate unemployment
- 1) The ice-breaker-scheme. One barrier making it difficult for university graduates is a general lack of knowledge as to how a person with a higher education can contribute to a business. …
- 2) The academic-campaign. …
- 3) Support graduate entrepreneurship.
What you didnt know about fresh graduate unemployment in Malaysia?
The Ministry of Higher Education (MOHE) estimated that the total unemployment among fresh graduates in Malaysia amounted to 116,161 people or 20% of the total population in 2020.
What is graduate employability?
Employability is: “a set of achievements – skills, understandings and personal attributes – that makes graduates more likely to gain employment and be successful in their chosen occupations, which benefits themselves, the workforce, the community and the economy.”