Youth Unemployment In Malaysia 2019

Unemployment rate among youth between 15 and 24 years old is a normal. The job deficit has exacerbated malaysia s already high youth unemployment rate of 13 2 per cent in 2017. 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.

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As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy.

Youth unemployment in malaysia 2019. Meantime the labor force gained 1 2 percent to 15 90 million. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my. A study on racial bias for entry level jobs in malaysia it was found that. In the report kri said out of the total 508 200 unemployed malaysians in 2019 79 1 per cent of them were youth aged 15 to 29.

Jalan dato onn 50480 kuala lumpur malaysia. Dr mahathir mohamad told the dewan rakyat today that unemployment among the youth especially those between 15 and 24 is a normal phenomenon in developing and even developed countries. Malaysia s multi ethnic society with its long seeded prejudices also seem to be contributing to the uncannily high unemployment rate among its youth. It s normal that a section of malaysia s young should be jobless says prime minister tun dr mahathir mohamad.

An amendment to the youth societies and youth development act amendment 2019 act 668 was passed by the dewan rakyat today after almost five hours of debate by 17 members of parliament. The unemployment rate in malaysia jumped to 4 7 percent in august 2020 from 3 3 percent in the corresponding month of the previous year amid the severe impact caused by the covid 19 pandemic. 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. September 10 the youth unemployment rate in malaysia at 10 9 per cent officially is more than triple the national rate of 3 3 per cent 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.

It added that since 2015 the unemployment rate among youth aged 15 to 24 years old has consistently been above 10 per cent. In a 2019 study done by the centre of governance and political studies cent gps entitled racism in recruitment. 2019 with the headline fresh grads in malaysia struggling to find jobs.