Malaysia Unemployment Rate Essay

A great unemployed person is individual who is able and willing to job yet is not able to find a job. Lack of employment rate is a number of people officially unemployed divided by the labor force. Official joblessness measures those over the age of of sixteen who can for job, but are unable to obtain a work. The labor force is the number of individuals over the age of of sixteen who are either utilized or jobless.

In year 2005, unemployment rate in Malaysia (3. 0%) greater than unemployment level in Cambodia (2. 5%). Malaysia can be described as heaven to get job seekers who are not therefore particular about what task is available. Provided that there is a work, they will take it.

Truth be told true intended for foreigners especially from Indonesia, Philippines, Bangladesh, China and many more. With their existence, the discipline of employment market in Malaysia is becoming even more competitive. The reason is , employers opt to hire these foreigner rather than Malaysian as a result of relatively less costly labor price and better to manage. For this reason graduate Malaysian who is having straight A’s is no longer to getting a job in order to give one a competitive border in career advancement. Unemployment charge in Malaysia increases to three.

6 % while Cambodia remains the same which is 2 . 5% in year 06\. Another adding factor of higher unemployment price in Malaysia is due to job matching. Despite the fact that there is over 300 thousand of graduate student Malaysian from university or college getting into the job market in 2006, the competency of those graduates is still a concern exactly where their degree and experiences cannot directly match the needs with the employers. Graduate might getting a wrong study course or while using poor result.

Nowadays, the employer will retain the services of the worker who had a lot of knowledgeable one. In Malaysia, the private sector today is definitely not considering recruiting community graduates since they lack of essential skills, such as skills in British, a lack of ICT proficiency and interpersonal skill. This leads to is apparently gaps between what companies require and what expertise graduates have got. Graduates themselves have to recognize that they need to adapt to the requirements and wishes of their long term employers. In year 3 years ago, the joblessness rate in Cambodia nonetheless remains regular which is installment payments on your 5%.

Lack of employment rate in Malaysia got decreased to three. 5%. The unemployment rate in Cambodia does not reduce and continues to be constant in three years started from 2005 until 3 years ago. The first cause is usually poverty. A lot of the Cambodia people are poor, that is why they can send their children to school.

Kids will be not enough knowledge, skills and certification. As a result, it will be difficult to allow them to find a job. Besides, with the low quality of education system in Cambodia, colleges can produce just non-quality human resources. With the limited number of college or university, there is no make sure all graduated students will find job which in turn relevant to all of them because only individuals with quality are selected to work.

The unemployment rate in Cambodia is several. 5% in year 2008 is more than in Malaysia, 3. 2%. The lack of employment rate in Cambodia all of a sudden increased 1 ) 0% by year 2007 to 2008.

This happened due to the task opportunity. As Cambodia is usually small and poor, it is not good enough to attract international investor. In this instance, only small numbers of task opportunities are available for the rest of population.

In addition, this trigger might as a result of lack of reassurance from govt in the investment climate. In addition , the development of technology is another good reason that unemployment rate in Cambodia increased. With the advantages of applying machinery inside their factory, some owners possess dismissed their particular workers. Therefore , many people suddenly reduce their task. This helps simply to increase joblessness rate up and up.

In year 2009, the unemployment rate in Cambodia remains just like the year of 2008, a few. 5% during your stay on island is an increase in Malaysia unemployment rate which can be 3. 3%. Even though there are numerous job opportunities in Malaysia, the lack of employment rate amongst Malaysian will be increases. Clearly the reason surrounding this factor is due to the world economy meltdown. Malaysia is actually a developing region which fully relies on foreign direct expenditure (FDI) especially from countries such as Americas, Japan and Europe.

Most of these FDI enjoy the manufacturing sector. A large number of major multinational companies (MNC) in Malaysia have declared layoff programs including manufacturer and workplace shutdowns to mitigate the effect of the monetary slowdown. With the presence of manufacturing of MNC in Malaysia are significant, the layoff plans written for the increase of the unemployment rate.