Youth Unemployment Rate In Malaysia
In 2020 the estimated youth unemployment rate in malaysia was.
Youth unemployment rate in malaysia. In 2020 the youth unemployment rate in malaysia was 12 percent. In malaysia this is an equally pressing issue. 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. 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.
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. 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. The youth unemployment rate there had been increasing since 2015 and would probably be higher after the covid 19 pandemic. Youth unemployment refers to the share of the labor force ages 15 24 without work but available for and seeking employment.
Malaysia youth unemployment rate for 2017 was 11 04 a 0 04 increase from 2016. 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. Malaysian data indicates that unemployment rates for the youth are persistently higher and tends to be much more sensitive to economic conditions than the overall unemployment rate. Malaysia youth unemployment rate for 2019 was 11 26 a 0 23 increase from 2018.
Meantime the labor force gained 1 2 percent to 15 90 million. In 2018 the youth unemployment rate in malaysia stood at 10 9 lower than the regional average of 12 2 in southeast asia and the pacific chart 1 but the third highest youth unemployment rate in asean after indonesia and the philippines.