Unemployment Essay

5410 Words Feb 25th, 2016 22 Pages
International Journal of Business and Social Science

Vol. 2 No. 16; September 2011

Associate Professor Dr. Noor Azina Ismail
Department of Applied Statistics
Faculty of Economics and Administration
University of Malaya
50603 Kuala Lumpur, Malaysia
E-mail: nazina@um.edu.my, Phone: +603 79673638
The main objective of this paper is to investigate the effects of graduates’ characteristics on the chance of being employed. A total of 3,025 Malaysian graduates involved in the study and data were analyzed using logistic regression analysis. The results show that the employment prospects of graduates with a good command of
English and who
…show more content…
According to the definition of the Malaysia Labor Force Survey, the unemployed include persons who were available for work but did not work during a reference period. They could either be actively looking for work or not during the said period. The Malaysian economy did experience a significant unemployment rate in the mid1980s as the unemployment rate exceeded 7% in 1986 and 1987 (Figure 1). This shows evidence of some mismatch problems during this period when the economy was adjusting from the transition of a reliance on mining and agriculture to manufacturing.

© Centre for Promoting Ideas, USA


The increase of the unemployment rate during this period was a short-term adverse affect as the country consistently achieved more than 7% gross domestic product (GDP) growth with low inflation in the 1980s and
1990s, and a steady decrease of the unemployment rate from 1988 to 1997. However, since 1998, the rates of unemployment have been on the rise again although the increase was not as high as in the mid-1980s. Malaysia experienced several years of rapid growth in the 1990s which began to slow down at the end of the decade and it registered its lowest growth rate in 2001. During the period between 2002 and 2005, the average GDP growth was
5.74%. However, the changing of the economic structure

Related Documents