Unemployment in Malaysia
1.0 Introduction
Malaysia has an independent, highly participative democracy, which already early in its independence, held a unique record in social development, as measured in health and education. The overall unemployment rate is not exceptional in an international perspective. The interesting thing about Malaysia is that there exists a structural unemployment among the educated youth, which in spite of their relatively high level of education wait for a long time before entering the work force.
Unemployment occurs when a person is able and willing to work but currently is without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. There are also different ways national statistical agencies measure unemployment. These differences may limit the validity of international comparisons of unemployment data. To some degree these differences remain despite national statistical agencies increasingly adopting the definition of unemployment by the International Labor Organization. To facilitate international comparisons, some organizations, such as the OECD, Eurostat, and International Labor Comparisons Program, adjust data on unemployment for comparability across countries.
1.1 Global Unemployment
Virtually all of the world’s advanced economies have suffered some effects from the recession. Though unemployment is a problem all over the world, some countries have suffered a worse rate of unemployment than others. People who are under 16, are in the armed forces and people who are currently incarcerated are not considered unemployed because they are not considerate to be a part of the work force. In addition, people who don’t have jobs but who have not been looking for work within the last four weeks are not considered to be unemployed.
Canada and the United States have both experienced massive job losses during the recession. The United States now has
Malaysia has an independent, highly participative democracy, which already early in its independence, held a unique record in social development, as measured in health and education. The overall unemployment rate is not exceptional in an international perspective. The interesting thing about Malaysia is that there exists a structural unemployment among the educated youth, which in spite of their relatively high level of education wait for a long time before entering the work force.
Unemployment occurs when a person is able and willing to work but currently is without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. There are also different ways national statistical agencies measure unemployment. These differences may limit the validity of international comparisons of unemployment data. To some degree these differences remain despite national statistical agencies increasingly adopting the definition of unemployment by the International Labor Organization. To facilitate international comparisons, some organizations, such as the OECD, Eurostat, and International Labor Comparisons Program, adjust data on unemployment for comparability across countries.
1.1 Global Unemployment
Virtually all of the world’s advanced economies have suffered some effects from the recession. Though unemployment is a problem all over the world, some countries have suffered a worse rate of unemployment than others. People who are under 16, are in the armed forces and people who are currently incarcerated are not considered unemployed because they are not considerate to be a part of the work force. In addition, people who don’t have jobs but who have not been looking for work within the last four weeks are not considered to be unemployed.
Canada and the United States have both experienced massive job losses during the recession. The United States now has