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Atiqah  Amira binti   Mohd   Piszeli 2019251292

Sharifah Nur Amira  Syed  Alwi 2019223016

Mohamad Amirul  Adam bin  mohd   syaheezam 20192009004

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APPROPRIATE MEASURES  TO OVERCOME THE MACROECONOMICS  PROBLEM

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“We need to give importance to skill development because this way we can end unemployment”

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It is an economic condition in which people actively seeking jobs remain un-hired.  The rise in its rate was primarily due to the adverse effect on the  labour  market of the movement control order (MCO).  MCO impact on employees and employers such as ;-

employees are prohibited from reporting to their assigned

employees are fired by their employers in order to cover their company's losses.

not allowed to request that their employees take annual leave or unpaid leave during the MCO era.

expected to continue paying their employees' total wages

required to take steps such as reducing the number of workers to at least 50%

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According to data from the Department of Statistics Malaysia, Malaysia’s unemployment rate increase year-on-year from 0.8% to 4.7% in March 2021.  According to DOS 2018, the number of unemployed people increased from 503.3 thousand in 2017 to 504.3 thousand in 2018,  But,  the number of active unemployed that been out of job for more than a year is 9.7.

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Unemployment or the loss of a job has resulted in the reduction of living standard and causes psychological distress among majority of the people out there.  According to  Malaymail , unemployed youth makeup almost 60 percent out of 504,000 currently unemployed.  F resh graduates from local universities, face difficulty getting a stable and proper job.

UNEMPLOYMENT RATE IN MALAYSIA

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