ThE emPLoYmEnT raTe

INTRODUCTION

Malaysia is considered as one of the great

success stories in the developing world. Malaysia

had one of the highest growth rates in the world.

The onset of the financial crisis in mid 1997 severely

disrupted the Malaysian economy. But, the economy

recovered very quickly with the help of an independent

recovery package regaining the precrisis growth

momentum by 2000.Malaysia was able to

withstand the crisis with little adverse impact

on employment and standard of living.

OUTLOOK ON THE MALAYSIAN LABOUR FORCE AND MARKET

-The labour force estimated increase to 11.5 million in

2006.

-The quality of labour force improved with the share

having educational attainment at tertiary level increasing

from 13.9 percent in 2000 to 20.0 percent in 2005.

- The economy registered full employment with the

unemployment rate with 3.5 percent in 2005.

FACTORS CAUSED THE UNEMPLOYEMENT RATE TO INCREASE

1) ECONOMY – plummeted economy

2) CHOOSY IN FINDING JOB

2) NO QUALITY QUALIFICATION

2) ILLITERAL IN ENGLISH

PREDICTION

- Malaysia has shed 26,000 jobs since the global financial

crisis blew up in September and nearly twice as many

workers could lose their jobs this year as struggling

manufacturers cut output.

- Malaysia lost 33,000 jobs in 2008, the bulk of them in the last

few months as the global crisis suddenly worsened and Asia’s key

export markets in the West slipped into recession.

- Malaysia sees up to 50,000 job losses this year