NEWS ABOUT UNEMPLOYMENT

what do you know about unemployment?

I'm am aggree with my friend, Amira Nadhirah said that unemployment as defined by the occurs when people  are without jobs and they have actively sought work within the past four weeks. 

The unemployment rate in Malaysia was last reported at 3.1 percent in December of 2011. From 1998 until 2010, Malaysia's Unemployment Rate averaged 3.43 percent reaching an historical high of 4.50 percent in March of 1999 and a record low of 2.90 percent in March of 1998. The labour  force is defined as the number of people employed plus the number unemployed but seeking work. The non labour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: Malaysia Unemployment Rate chart, historical data and news.

According to the findings of a Graduate Tracer Study in 2006, 30.7% of graduates remained unemployed six months after convocation, while 5.7% were still awaiting job placement. The study involved 132 900 graduates from 18 public universities, 18 polytechnics, 34 community colleges and 13 private institutions of higher learning from all over Malaysia. (New Strait Times, 2007)

THE CAUSE OF UNEMPLOYMENT AMONG STUDENTS

• Firstly,  the incompatibility in the focus of higher education institutions and the needs of labor market. The reason for that is lack in compatibility as compared to the situation twenty years ago. In addition, there is an increase of competitiveness and volatility in the labor market. The work environment nowadays require graduates to have some work experiences in order to the requirement of qualified employee. Besides that, incompatibility in the knowledge acquired in higher education institution is one of the factor.
• The second reason is lack of experiences and skills among the university graduates. Most of organizations today prefer to have graduates with experience to ensure the employers sustain their economic competitiveness. The number of unemployed female graduates is much higher in comparison male graduates. Moreover, those graduates with essential skills are more preferable compared to them who does not have any skills. They also should have proficiency in English. Other than that, university graduates have to possess their interpersonal skills in order to decrease the number of unemployment among them.