Definition of 'Unemployment'
Definition of 'Unemployment'
Definition of 'Unemployment'
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DEFINITION OF 'UNEMPLOYMENT'
Unemployment occurs when a person who is actively searching for employment
is unable to find work. Unemployment is often used as a measure of the health of
the economy. The most frequently cited measure of unemployment is the
unemployment rate. This is the number of unemployed persons divided by the
number of people in the labor force.
unemployment in Malaysia
Graduates from all over Malaysia universities are having difficulties to find a
job in this country. This can be proven by the results of the past five yearsunemployment
rate in Malaysia since 2006 until 2010. Last years results shows that3.5% of Malaysians
do not have a job. Most of them are graduates from localuniversities. Why is this
happening? Are our graduates not qualified enough to workin their own country? Or the
graduates themselves are too choosy? What is the realproblem and what is the best
solution? Does the government play their role to solvethis problem? How did they
handle this problem?
The first factor is the economy. This is due to the changing of
economicstructure. In the past, manufacturing was the strongest sector in
Malaysia.Nowadays, this sector has been replaced by service sector. Moreover, this
sector isthe backbone of each sector exists in this country like invest sector, business
sector and public sector. As an example, if a person is interview for a job in a
insurancecompany, he must show his interpersonal skill, communication skill,
wisdom,maturity and his capability to contribute towards the company. Only then, he is
hireby the company. As you can see, the company really look up upon the
characteristicof a person because they believe a success company should have
excellenceattitude employee. And that is what our graduates lack of.
Quality of education in a country also can be a factor towards up and down
inthe unemployment of their citizen. I am not denying that our education system is oneof
the finest educations in the world. The syllabus is fantastic. You can see theincreasing
number of straight. There are a lot of students every year in SPM or STPM. The
question is, is these academic achievements excel in the real workingworld? In our
country we also have a lot of degree holder with first class honour. Are all these satisfy
the need in the working field? So, we can improve our educationquality by balancing
practical and theory at the same level. This will make our graduate not only know
about it, but also how to do it.
The main factor contribute towards unemployment are from the job seekerswho
are too choosy about their job. They say that they do not want to work in thefield that is
not match to what they studied. They thought that it will be such a wasteto study but
work on a job that has nothing to do with their study. I have an unclewho study about
Arts in Writing in Akademi Seni Kebangsaan(now known asASWARA). After he
graduate, he quickly find a job. He do not want to waste timeand wasting his parents
money. The first job he got is to be a room service in 4-star hotel in Ampang area. He
took the job since there is no job for Arts in Writinggraduate. His salary at that moment
was RM500. After 5 years, his salary isRM1400. This is an example of not a choosy job
seeker. Yes, you study Writing Art,but it is okay if you work in hospitality field even
though you do not know anythingabout it because you can always learn. Life is like that,
you be too choosy, you willget nothing.
What the government can do to reduce and vanish these jobless people.
Givethem a job. But a lot of sector is using foreign worker. What can government do?
Send them back to their country and give the vacancy to our citizen. But we cannotdo
this immediately. It will give trouble to a lot of people. Never mind. Reduce theusing of
foreign workers slowly. Then, provide more training and education to theunemployed.
This could help them improve their skill and communication. They willbecome more
confident and employable.
Unemployment in Malaysia can be solve if there are cooperation from
theunemployed, the employer, and the government. By doing this, a lot of money wecan
save. We do not have to hire foreign workers. No unemployed graduates willexist and no
unsatisfied employer.
Unemployment on the rise in Malaysia (Update) Business News | The Star Online
http://www.thestar.com.my/Business/BusinessNews/2013/07/22/UnemploymentontheriseinMalaysia/?style=biz 1/1 Unemployment on the rise in Malaysia (Update)
KUALA LUMPUR: Malaysia's unemployment is on the rise, with the seasonally
adjusted unemployment rate at 3.4% in May compared with 3% in April and 3% a
year ago. The Statistics Department said on Monday the number of unemployed
persons increased in May by 35,800 persons (8.9%) to 439,4000 against 403,6000
in April. "The number of employed persons decreased by 80,900 (0.6%) to 13.04
million persons," it said. The labour force participation rate fell in May by 0.4% to
66% compared to 66.4% in April. "The decline was due to the decrease in the
number of persons in the labour market by 45,000 persons (0.3%) to 13.48 million
and an increase of 110,000 persons (1.6%) outside the labour force from 6.83
million to 6.94 million persons. As compared to May 2012, the labour force
participation rate increased by 1% from 65%, the department said. Its survey
comprises the economically active and inactive population. To measure the
economically active population, the Labour Force Survey uses the age limit of 15 to
64 years. In its definition, the economically active population consists of those
employed and unemployed whereas those who are inactive is classified as outside
labour force.
Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar says 161,000 out of 400,000 unemployed
are graduates. The Malaysian Insider filepic, May 12, 2015.
Graduates, who have completed their studies in six months, are among the current 400,000
unemployed individuals in the country, said Minister in the Prime Minister's Department Datuk
Seri Abdul Wahid Omar.
http://www.themalaysianinsider.com/malaysia/article/graduates-among-400000-currently-unemployed-inmalaysia-says-minister
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
3.20
3.10
4.50
2.70
1998 - 2015
percent
Monthly
NSA
In Malaysia, the unemployment rate measures the number of people actively looking for a job as a
percentage of the labour force. This page provides - Malaysia Unemployment Rate - actual values,
historical data, forecast, chart, statistics, economic calendar and news. Content for - Malaysia
Unemployment Rate - was last refreshed on Tuesday, September 29, 2015.
Calendar
GMT
Reference
2015-07-24
05:00 AM
May
Actual
3.1%
Previous
3.0%
Consensus
Forecast
3%
Calendar
GMT
Reference
Actual
Previous
Consensus
Forecast
2015-08-25
06:00 AM
Jun
3.1%
3.1%
3.1%
2015-09-25
05:00 AM
Jul
3.2%
3.1%
3.1%
2015-10-26
05:00 AM
Aug
3.2%
3%
2015-11-25
05:00 AM
Sep
3%
2015-12-23
05:00 AM
Oct
2.9%
3.1%
Malaysia Labour
Last
Previous
Highest
Lowest
Unit
Unemployment Rate
3.20
3.10
4.50
2.70
percent
[+]
Employed Persons
13766.00
13838.00
13838.00
5624.60
Thousand
[+]
Unemployed Persons
460.00
450.00
534.70
210.50
Thousand
[+]
Job Vacancies
347690.00
214472.00
745205.00
7850.00
67.50
67.80
69.60
62.30
percent
[+]
Wages in Manufacturing
2970.30
2957.00
2994.00
2391.00
MYR/Month
[+]
Population
30.40
29.95
30.40
8.20
Million
[+]
60.00
60.00
60.00
55.00
[+]
60.00
60.00
60.00
55.00
[+]
Minimum Wages
900.00
900.00
900.00
900.00
COUNTRIES
Unemployme Reference
nt Rate
Previous
Highest
Lowest
[+]
MYR/Month
[+]
Unit
Australia
6.20
Aug/15
6.30
11.10
4.00
percent
Brazil
7.60
Aug/15
7.50
13.10
4.30
percent
Canada
7.00
Aug/15
6.80
13.10
2.90
percent
China
4.04
Jun/15
4.10
4.30
3.90
percent
Euro Area
10.90
Jul/15
11.10
12.10
7.20
percent
France
10.30
Jun/15
10.30
10.80
7.20
percent
COUNTRIES
Unemployme Reference
nt Rate
Previous
Highest
Lowest
Unit
Australia
6.20
Aug/15
6.30
11.10
4.00
percent
Germany
4.70
Jul/15
4.70
14.20
0.40
percent
India
4.90
Dec/13
5.20
9.40
4.90
percent
Indonesia
5.81
Mar/15
5.94
11.24
2.00
percent
Italy
12.00
Jul/15
12.50
13.00
5.80
percent
Japan
3.30
Jul/15
3.40
5.60
1.00
percent
Mexico
4.68
Aug/15
4.72
5.93
2.22
percent
Netherlands
6.80
Aug/15
6.80
7.90
3.60
percent
Russia
5.30
Aug/15
5.30
14.10
4.80
percent
South Korea
3.60
Aug/15
3.70
7.10
2.90
percent
Spain
22.37
Jun/15
23.78
26.94
4.41
percent
Switzerland
3.20
Aug/15
3.10
5.40
1.60
percent
Turkey
9.60
Jun/15
9.30
14.80
7.30
percent
United Kingdom
5.50
Jul/15
5.60
12.00
3.40
percent
United States
5.10
Aug/15
5.30
10.80
2.50
percent
(htt11)
references
(n.d.). Retrieved from
http://www.themalaysianinsider.com/business/article/december-2013unemployment-rate-fell-to-2.9
http://www.statista.com/statistics/319019/unemployment-rate-in-malaysia/
Unemployment rate
Percent Change
1985
6.893
1986
8.261
19.85 %
1987
8.207
-0.65 %
1988
8.079
-1.56 %
1989
6.715
-16.88 %
1990
5.055
-24.72 %
1991
4.345
-14.05 %
1992
3.718
-14.43 %
1993
3.026
-18.61 %
1994
2.947
-2.61 %
1995
3.143
6.65 %
1996
2.516
-19.95 %
1997
2.445
-2.82 %
1998
3.225
31.90 %
1999
3.425
6.20 %
2000
3.1
-9.49 %
2001
3.675
18.55 %
2002
3.475
-5.44 %
2003
3.6
3.60 %
2004
3.55
-1.39 %
2005
3.55
0.00 %
2006
3.325
-6.34 %
2007
3.225
-3.01 %
2008
3.325
3.10 %
2009
3.675
10.53 %
2010
3.3
-10.20 %
2011
3.05
-7.58 %
2012
3.025
-0.82 %
2013
3.1
2.48 %
2014
2.9
-6.45 %
national economy is that the budgeted production of firm will not be able to
reach efficiently.
3. As the result of wasting aggregate production factors of the firms,
unemployment will turn down and lower the current production of the firms,
this situation will led to the impediment of economic growth in the future.
4. Unemployment is resulted to the subtraction of real GNP and it subtracts to the
national income. If the amount of Malaysian populations increase annually but
the unemployment remains constant even more increasing, the income per
capital will go down subsequently.
5. Unemployment contributes to the addition of poverty rate to the state. The
increase of unemployment rate will prove that the current efforts from
government to tackle down unemployment must be improved as well as
possible.
Furthermore, unemployment is considered as damaging issue to the national economy
because high unemployment may reduce the aggregate income and give the negative
impact on the government. It will slow down the economic development progress of
Malaysia. The government of Malaysia should provide various solutions, policies and
infrastructures to address the problem of unemployment and stimulate the national
economy as well as reduce the poverty gap between Malaysian citizens.
In addition, not only considered as damaging issue to the national economy but also
considered as damaging issue toward the Malaysian society in term of social
perspective. Unemployment causes the unemployed people not to have income and
wages for certain period of time. This situation leads them to find incapability to fulfil
their daily needs and personal consumptions. Financial incapability will lead
unemployed people to act beyond the boundaries and impose them to do crime such as
stealing and robbing. This current situation increases the crimes rate of country and
affects to social security.
3.4
immigrants in Malaysia will be the stimulator and also the challenges for local people
to strive for the workforce in the long term and short term period
The second challenge of facing unemployment in Malaysia is (ii) the increasing trends
of local unemployed graduates who are lack of communication skills, English and
language skills and also soft-skills enhancement. There are many multinational
companies in Malaysia as the result of free direct investment from foreign and jointventure country that recruit people not based on their academic capacity. But
nowadays the company and corporations tend to hire people who have astounding
interpersonal and emotional intelligence that accompanied with strong willingness to
foster and sustain the innovative way to make company become not only optimizing
the profit but also being captivated and grabbed to the heart of society. It means that
they need the people who have often exposure of communicating effectively with
people to negotiate and solve the existing case within or inter company.
https://firmansyahshidiqwardhana.wordpress.com/2012/10/20/unemploymentdynamic-in-malaysia-macroeconomics-paper/