According to the latest study carried out by the Department of Statistics Malaysia DOSM , they revealed that the number of unemployed graduates had rose DOSM chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that the unemployment among fresh graduates are mainly caused by the unfavourable economic environment in due to the Covid outbreak in Malaysia.
As a result of the stiff competition in the labour market, there are many unemployed people left scouting the job market. The increase in the number of graduates over the years was concomitant with awareness of the importance of higher education to improve livelihoods. Upon completion of tertiary education, graduates usually aim to secure jobs equivalent to their qualification and subsequently earn higher wages and all the perks that come with it.
In addition, he said that the unemployment rate had increased from 3. The report defined graduates as individuals with the highest certificate obtained from universities, colleges, polytechnics, recognised bodies or equivalent, with the study duration of at least two years.
Further analysing the data they have collected, Mohd Uzir said that among the 4. While being compared to other categories, semi-skilled category gained Hence, the composition of employed graduates in the semi-skilled category increased to Read the full report from DOSM here.
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Please re-try again. Thank you for your report! Related News. Next In Business News. CPO futures likely to trade lower. Star Media Group lauded for upholding gold standard of journalism. Pimpinan Ehsan set to go big in renewable energy. Headwinds for emerging markets. Working longer in old age for survival. Global trends on the ageing workforce. Trending in Business. Others Also Read. Here are 7 simple reasons why Malaysian Fresh Graduates struggle with unemployment: Poor command of English English is still the primary business language in Malaysia.
Lack of technical and soft skills Today, fresh graduates are expected to be fully equipped with the right skills and knowledge to instantly bring value to companies, as companies are not keen to train employees from scratch.
Picky about the job or company Compared to the previous generations, most fresh graduates today would not settle for a job for the sake of it. Unrealistic salary and benefits expectation Malaysian fresh graduates are well-known for having an entitled attitude whilst job hunting. Lack of digital skills The world is experiencing the age of digitalisation and automation. Delay in the job hunt A growing number of Malaysian fresh graduates are delaying their job hunt as they would prefer to take a long break after their graduation.
Furthermore, many job positions may be closed as companies have already hired someone else. The Bottom Line: It is time for Malaysian fresh graduates to step up their game. Hope these articles will help you in landing your dream job! Prev Previous Opportunities During Pandemic? More To Explore. November 12, About Us Our Community. Get Started. Resources Tutorials Examples Docs. Join Us. Follow Us. Our Partners. Media Partner.
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