Youth Unemployment Rate In Malaysia

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.

Youth unemployment rate in malaysia. The rising youth unemployment rate was mainly contributed by the soaring graduate unemployment which increased to 9 6 or approximately 204 000 constituting 40 5 of total unemployment. 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 rate which remained high hitting a record 10 8 last year was likely due to skills mismatch said midf research in a report issued today. As a young jobseeker the worst states to look for a job in malaysia are terengganu sabah and kelantan which have the highest youth unemployment rates in malaysia.

The number of unemployed dropped to 773 2 thousand. 1 scarpetta et al 2010. In malaysia this is an equally pressing issue. Among asean countries.

According to the source the data are ilo estimates. 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 rate in malaysia averaged 3 32 percent from 1998 until 2020 reaching an all time high. The unemployment rate in malaysia fell to 4 9 percent in june 2020 from a record high of 5 3 percent a month earlier as the country gradually lifted strict coronavirus lockdown restrictions.

The statistic shows the youth unemployment rate in malaysia from 1999 and 2019. In 2019 the estimated youth unemployment rate in malaysia was. Meanwhile the labor force went up to 15 76 million. Looking at malaysia although headline unemployment is around 3 4 in 2017 the youth unemployment rate is over three times higher at around 10 8 in 2017.

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. Kuala lumpur may 3.