Malaysia Unemployment Rate Essay Example

Malaysia Unemployment Rate Essay Example Malaysia Unemployment Rate Essay Malaysia Unemployment Rate Essay An unemployed individual is one who is able and willing to work yet is unable to happen a occupation. Unemployment rate is the figure of people officially unemployed divided by the labour force. Official unemployment steps those over the age of 16 who are able for employment. but are unable to obtain a occupation. The labour force is the figure of people over the age of 16 who are either employed or unemployed. In twelvemonth 2005. unemployment rate in Malaysia ( 3. 0 % ) higher than unemployment rate in Cambodia ( 2. 5 % ) . Malaysia is a Eden for occupation searchers who are non so peculiar on what occupation is available. Equally long as there is a occupation. they will merely take it. The fact is true for aliens particularly from Indonesia. Philippines. Bangladesh. China and many more. With their presence. the field of occupation market in Malaysia is going more competitory. This is because employers prefer to engage these foreigner instead than Malayan due to the comparatively inexpensive labour cost and easier to pull off. That is why graduate Malaysian who is holding consecutive A’s is no longer to procure a occupation or to give one a competitory border in calling promotion. Unemployment rate in Malaysia additions to 3. 6 % while Cambodia remains the same which is 2. 5 % in twelvemonth 2006. Another lending factor of higher unemployment rate in Malaysia is due to occupation fiting. Even though there is over 300 thousand of alumnus Malaysian from university or college come ining the occupation market in 2006. the competence of these alumnuss is still a concern where their making and experiences can non straight fit the demands of the employers. Alumnus might taking the incorrect class or with the hapless consequence. Nowadays. the employer will engage the worker who had a batch of experient one. In Malaysia. the private sector today is non interested in enrolling local alumnuss because they lack of indispensable accomplishments. such as proficiency in English. a deficiency of ICT proficiency and interpersonal accomplishment. This leads to appears to be spreads between what employers require and what accomplishments alumnuss have. Graduates themselves have to recognize that they need to accommodate to the demands and wants of their hereafter employers. In twelvemonth 2007. the unemployment rate in Cambodia still remains changeless which is 2. 5 % . Unemployment rate in Malaysia had decreased to 3. 5 % . The unemployment rate in Cambodia does non diminish and remains changeless in three old ages started from 2005 until 2007. The first cause is poverty. Most of the Cambodia citizens are hapless. that is why they can non direct their kids to school. Children will be deficiency of cognition. accomplishments and making. As a consequence. it will be hard for them to happen a occupation. Besides. with the hapless quality of instruction system in Cambodia. schools can bring forth merely non-quality human resources. With the limited figure of university. there is no warrant that all calibrated pupils will happen occupation which relevant to them because merely people with quality are selected to work. The unemployment rate in Cambodia is 3. 5 % in twelvemonth 2008 is greater than in Malaysia. 3. 2 % . The unemployment rate in Cambodia all of a sudden increased 1. 0 % from twelvemonth 2007 to 2008. This happened due to the occupation chance. Since Cambodia is little and hapless. it is non good plenty to pull foreign investor. In this instance. merely little Numberss of occupation chances are available for the remainder of population. Furthermore. this cause might due to miss of encouragement from authorities in the investing clime. In add-on. the development of engineering is another ground why unemployment rate in Cambodia increased. With the advantages of utilizing machinery in their mill. some proprietors have dismissed their workers. Therefore. many people all of a sudden lose their occupation. This helps nil but to increase unemployment rate higher and higher. In twelvemonth 2009. the unemployment rate in Cambodia remains the same as the twelvemonth of 2008. 3. 5 % while there is an addition in Malaysia unemployment rate which is 3. 3 % . Even though there are many occupation chances in Malaysia. the unemployment rate among Malayan are additions. Obviously the ground lending this factor is due to the universe economic system meltdown. Malaysia is a developing state which to the full relies on foreign direct investing ( FDI ) particularly from states such as Americas. Japan and Europe. Most of these FDI are into the fabrication sector. Many major transnational companies ( MNC ) in Malaysia have announced layoff programs including mill and office closures to extenuate the impact of the economic lag. With the presence of fabrication of MNC in Malaysia are important. the layoff programs contributed to the addition of the unemployment rate.