Recent statistics show various factors contributing to unemployment among youth in Malaysia. According to the Ministry of Finance (2019), unemployment among youth is due to i) lack of work experience, ii) lack of skills, iii) insufficient education levels, and iii) skills incompatibility to compete in the labor market.
What are the main causes of unemployment?
The following are the main causes of unemployment:
- (i) Caste System: …
- (ii) Slow Economic Growth: …
- (iii) Increase in Population: …
- (iv) Agriculture is a Seasonal Occupation: …
- (v) Joint Family System: …
- (vi) Fall of Cottage and Small industries: …
- (vii) Slow Growth of Industrialisation: …
- (ix) Causes of Under Employment:
What are the causes of unemployment among fresh graduates in Malaysia?
- Here are 7 simple reasons why Malaysian Fresh Graduates struggle with unemployment:
- Poor command of English.
- Lack of technical and soft skills.
- Picky about the job or company.
- Unrealistic salary and benefits expectation.
- Lack of digital skills.
- Poor attitudes at work.
- Delay in job hunt.
What are the major problems caused by unemployment?
The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health …
What are 4 types of unemployment?
Unemployment can be classified as frictional, cyclical, structural, or institutional.
What are the causes and consequences of unemployment?
The effects of unemployment can be broken down into three types: Individual: people who are unemployed cannot earn money to meet their financial obligations. Unemployment can lead to homelessness, illness, and mental stress. It can also cause underemployment where workers take on jobs that are below their skill level.
How can a country reduce unemployment?
Top 6 Strategies to Reduce Unemployment
- Strategy 1# Use of Labour-intensive Technology:
- Strategy 2# Accelerating Investment in Agriculture:
- Strategy 3# Diversification of Agriculture:
- Strategy 4# Labour-Intensive Industrial Growth:
- Strategy 5# Services and Employment Growth:
How does unemployment affect the economy?
The unemployment rate is the proportion of unemployed persons in the labor force. Unemployment adversely affects the disposable income of families, erodes purchasing power, diminishes employee morale, and reduces an economy’s output.
Why is fresh graduate hard to get a job in Malaysia?
According to Malaysia’s Ministry of Education (MOE), of the over 290,000 fresh graduates that enter the employment market every year, almost 20% can’t find a job within six months after graduation. One of the main reasons is that many graduates lack the skills, knowledge and attitudes that employers look for.
What is the cause of graduates unemployment?
Thereafter, the possible causes were investigated, such as lack of experience, lack of soft skills, skills mismatch, poor quality of education of the graduates, discrimination by employers, etc.
What causes unemployment among graduates?
The previous research has discovered that fresh graduates are lack of employability skills, poor understanding of the English language and communication skill and also there are too choosy about the job and at the same time they are demanding for a higher salary is the major cause of unemployment among fresh graduates …