Why Graduates Are Unemployed In Malaysia? (Correct answer)

According to Datuk Seri Dr Mohd Uzir Mahidin, head statistician of the Department of Statistics and Macroeconomics (DOSM), unemployment among fresh graduates is mostly driven by an unfavorable economic climate in 2020 as a result of the Covid-19 epidemic in Malaysia. As a result, he stated that the unemployment rate had climbed from 3.9 percent in 2019 to 4.4 percent in 2020. He did not elaborate.
Approximately how many fresh grads are out of work in Malaysia?

  • According to the Ministry of Higher Education (MOHE), the total number of unemployed new graduates in Malaysia in 2020 would be 116,161 persons, or 20 percent of the country’s total population. In other words, one in every five recent grads is unemployed today, despite having spent a significant amount of money and effort acquiring a Bachelor’s Degree.

What is the reason of unemployment in Malaysia?

Due to significant imbalances in the labor market, which have been exacerbated by the present economic and financial crisis, unemployment has grown in Malaysia in recent years, with youth unemployment in particular experiencing a surge.

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What are the causes of graduate unemployment?

Following that, potential explanations such as a lack of experience, a lack of soft skills, a mismatch in skills, a poor quality of education received by graduates, prejudice by employers, and so on, were studied further.

What is the biggest challenge faced by fresh graduates in Malaysia?

In the opinion of companies and industry participants, the vast majority of Malaysian new graduates lack the technical, problem-solving, and soft skills that are required by employers in order to compete for employment in the country. As a result, the employment market is extremely competitive, with only a small number of talented individuals possessing the necessary skill sets to get employed.

How can a graduate overcome unemployment in Malaysia?

reorganizing the educational system in order to raise the levels of success of students Boost the skills of graduates to increase their marketability. Restructure the labor market system to enable Malaysia to become a high-income country.

Why fresh graduates are unemployed and jobless in Malaysia?

According to Datuk Seri Dr Mohd Uzir Mahidin, head statistician of the Department of Statistics and Macroeconomics (DOSM), unemployment among fresh graduates is mostly driven by an unfavorable economic climate in 2020 as a result of the Covid-19 epidemic in Malaysia. As a result, he stated that the unemployment rate had climbed from 3.9 percent in 2019 to 4.4 percent in 2020. He did not elaborate.

Why do university graduates have difficulty getting jobs?

Furthermore, the majority of recent grads do not know how to write a professional CV. With a rise in the number of college graduates and degree holders over the past few years, there has also been an increase in the number of job candidates competing for the same post. Because of this, the employment market is extremely competitive, particularly for entry-level positions.

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What are two reasons for unemployment?

The primary reasons of unemployment are as follows:

  • Unemployment due to a snag in the economy. Persons who are unemployed because they are transitioning between occupations, such as recent graduates or people changing careers, fall into this category. Unemployment caused by structural factors. Unemployment on a traditional or real-wage basis: Unemployment caused by one’s own choice. Demand is insufficient, resulting in “cyclical unemployment.”

What are the 5 causes of unemployment?

The following are the top five reasons for unemployment in Nigeria.

  • Epileptic Electric Power Supply is a type of electric power supply. The absence of a reliable electric power supply is the most significant source of unemployment in Nigeria. Education of poor quality. Negligence in the management of agriculture and other natural resources. Corruption is a problem. In Nigeria, there are ten best SEO companies and ten best public relations companies.

What causes high unemployment rate among graduates?

The relationship between a capital-intensive economy and a rapid increase in the graduated workforce, a lack of a relationship between educational institutions and industry, a lack of training for work preparation, and a lack of employment opportunities are among the eleven factors identified by Nasrudin (2004) as contributing to the unemployment problem among graduates.

What should an unemployed graduate do?

I’ve come up with five suggestions to assist unemployed grads get back on their feet.

  • Tip One: Volunteer.
  • Tip Two: Consider taking on a part-time or temporary job.
  • Tip Three: Redesign Your CV.
  • Tip Four: Enroll in a free online short course.
  • Tip Five: Reflect.
  • Tip Six: Stay Active.

What are the causes and effects of unemployment among fresh graduates?

Tip One – Volunteer. ;Tip Two – Consider Taking A Part-Time/Temporary Job. ;Tip Three – Redesign Your CV. ;Tip Four – Enroll In A Free Online Short Course. ;Tip Five – Reflect. ;Tip Six – Maintain an active lifestyle.

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How many fresh graduates are there in Malaysia?

According to data from Statistics Malaysia, the number of graduates in Malaysia in 2020 was 5.36 million, representing a 4.4 percent increase over the previous year (5.13 million). Meanwhile, the graduate unemployment rate rose to 4.4 percent, the highest level since 2007.

How can we improve graduate employability in Malaysia?

Advice for Malaysian graduates on how to improve their employability.

  1. Learn how to use information technology. Companies are seeking employees who are knowledgeable in information technology, according to Jobstreet’s Job Outlook for 2019. Find work experience on your own initiative. Develop your soft skills by putting in the effort. Make a thorough preparation for your interview.

How can a graduate overcome unemployment?

Solutions to the Unemployment Problem Among Recent Graduates

  1. Job possibilities are being created as a result of entrepreneurial programs. programs of education and training that will offer students with appropriate skills Increasing the amount of foreign direct investment.

How can you overcome high rate of unemployment among graduates?

Perhaps the following strategy might be considered: Government should evaluate and enhance their educational system human resource strategies by collaborating closely with universities, companies, and other stakeholders – this includes re-skilling and retraining of jobless graduates, as well as job placement and other services. Universities should offer courses that are in line with the needs of the labor market.

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