Youth Unemployment In Malaysia

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. Jalan dato onn 50480 kuala lumpur malaysia. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my.

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Youth Unemployment In Malaysia The Region Isis

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Youth Unemployment In Malaysia The Region Isis

The youth unemployment rate in malaysia at 10 9 percent officially is more than triple the national rate of 3 3 percent 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.

Youth unemployment in malaysia. Unemployment is one of the issues still plaguing the nation with the overall unemployment rate stagnant at 3 3 percent according to the malaysian department of statistics in their january 2019 monthly statistical bulletin. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. 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. There are significant geographical and income components to youth unemployment in malaysia.

Looking at the labor data the problem of youth unemployment in malaysia is multifaceted having strong age geographic and income components. 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. The news site spoke to jobstreet malaysia senior marketing communications executive jessica heng who said that the company s 2017 survey revealed the top five reasons why the unemployment rate among fresh graduates in malaysia is rising namely. The youth of malaysia are the ones who are most disenchanted with the new government s actions and policies.

Youth unemployment doesn t just vary by age it varies by state as well. The youth unemployment rate there had been increasing since 2015 and would probably be higher after the covid 19 pandemic. These numbers from bank negara s 2016 annual report were mentioned in an exclusive piece by malaysiakini on youth unemployment in malaysia. In malaysia youth unemployment has increasingly been recognized as a pressing issue amid the forces of technological change and slower structural economic growth rates.

In 2020 the youth unemployment rate in malaysia was 12 percent.