Youth Unemployment In Malaysia Pdf

Youth are an important asset to the global workforce.

Youth unemployment in malaysia pdf. Unemployment demand versus supply globalization employment in malaysia is set back by educational and skill mismatches. In malaysia youth unemployment has increasingly been recognized as a pressing issue amid the forces of technological change and slower structural economic growth rates. Their labour force participation rate was 41 4 per cent in 2013. Of high unemployment among youths the country must attend to the causes first.

The youth unemployment rate in malaysia was estimated to have reached 10 7 in 2015 more than three times higher than the national unemployment rate of 3 1. Unemployment among malaysia graduates. Looking at the labor data the problem of youth unemployment in malaysia is multifaceted having strong age geographic and income components. 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.

1 scarpetta et al 2010. Malaysia is among regional economies4 with an incidence of youth unemployment in the double digits despite a low overall unemployment rate charts 1 and 2. Malaysia s youth unemployment vastly exceeds the other age groups. Happens when institutes of learning produce a new workforce that cannot enter the labour market because of the differences in what they perceive is needed in the market and what is actually needed.

In recent years however youths have been facing the problem of unemployment mainly because of rapid globalization and fast paced technological advances. Approximately 6 million or 19 per cent of malaysia s total population fall between the ages of 15 24. In 2019 unemployment rates were 14 4 for 15 19 year olds and 9 5 for 20 24 year olds dropping to 3 8 25 29 and under 2 for all other age groups. The youth unemployment rate has remained relatively stable hovering around 10 11 per cent which is 6 to 7 times higher than the adult unemployment rate.

Unemployment youth unemployment youth causes of unemployment introduction youth unemployment has become a global problem with 185 million people unemployed world wide of which almost half are youths aged 15 to 24 years ilo 2013. Youth unemployment in particular long term youth unemployment can generate frustration and low self esteem and can lead to increased vulnerability among some young people to drugs disease and.