Unemployment in Malaysia

2369 Words Oct 29th, 2010 10 Pages
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
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|Change in |
| | |Unemployment rate (%) |
|Region |2003 |2004 |
|2003 |3.80 % | |
|2004 |3.60 % |5.26 % |
|2005 |3.00 % |16.67 % |
|2006 |3.60 % |20.00 % |
|2007 |3.50 % |2.78 % |
|2008 |3.20 % |8.57 % |
|2009 |3.30 % |3.13 % |
|2010 |5.00 % |51.52 % |

Source: CIA World Factbook

1.3 Unemployment Policies in Malaysia

The Asian financial crisis started
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