Effect Of Unemployment In Malaysia Pdf

The fluctuating of the economic structure and the landscape is a likely the reason for the increases of the unemployment rate in malaysia.

Effect of unemployment in malaysia pdf. Unemployment among malaysia graduates. Employment unemployment and non participation krof et al 2016. Malaysia unemployment rate from july 2010 until january 2012 the unemployment rate in malaysia was last reported at 3 percent in april of 2012. Historically from 1998 until 2012 malaysia unemployment rate averaged 3 3600 percent reaching an all time high of 4 5000 percent in march of 1999 and a record low of 2 8000 percent in march of 2012.

Pdf rising effect of unemployment on malaysian economy khairul azhar academia edu recently declining of malaysian economies literally hits by factors such as oil prices pest macroeconomics conditions and others. A growing of national income higher gross domestic product gdp in malaysia will so be achieved while the states will hold higher buying power and can take to a better quality of life. 2 4 1 severance pay severance pay in malaysia is regarded as a form of unemployment related benefit for both employers and employees eva liu walter and kwong 2000. Hence an increase in the unemployment rate may lead to an increased crime rate.

According to the bureau of labor statistics as of february 2018 there are 6 7 million individuals in the united states who are unemployed. Its effects most can be seen in oil and gas industry mining and some sme s sector. Foreign worker another factor contributes to the unemployment rate in malaysia is the foreign workers as unemployment. The negative effects of unemployment on society outweigh the positive.

China is malaysia s number one trading partner a large source of foreign investments and its top tourist source outside of asean. Reducing the unemployment rate may take to a better economic system in malaysia due to the addition in productiveness of malaysia. Unemployment is a real concern in all areas of the world. Some of these people might not want to work but many wish they had a job.

Although the unemployment rate in malaysia is always low compared to the united states or european countries there are great concerns for unemployment. The malaysian economy is amongst the most highly exposed economies in the region to both chinese demand and supply. This is due to the fact that currently there is no unemployment insurance or assistance available in the country.