Unemployment Rate of Malaysia Essay
Table 2: Unemployment Data of Malaysia (2003 - 2012) Year | Unemployment rate | 2003 | 3.61 | 2004 | 3.54 | 2005 | 3.53 | 2006 | 3.33 | 2007 | …show more content…
Starting from the year 2010 until year 2012, with the growth in the financial condition of the country, new jobs have been created in different sectors. As per the reports, the unemployment rate in year 2011 is around 3.1% and maintained the same in the year 2012, a figure that is lower than what it was in the previous years. Job opportunities in the country are on the rise and more people are expected to get recruited by the end of this year.
According to reports, the number of job vacancies has increased in almost every sector and so people are expected to get more jobs irrespective of their academic specification. Malaysian trade and commerce have made some recovery in the recent past. It is a positive side for the economy of the country (UK Essays, 2012). As a conclusion for the overall trend, from the year 2003 to 2012, the unemployment rate of Malaysia has decreased.
UK Essays. (2012). Unemployment Affects Economic Growth In Malaysia Economics