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Young and jobless in Malaysia


Anthony Dass(pic) writes: Looking at Malaysia, although headline unemployment is around 3.4% in 2017, the youth unemployment rate is over three times higher at around 10.8% in 2017. Among Asean countries, the youth unemployment rate is lowest in Singapore at 4.6%, followed by Thailand (5.9%), Vietnam (7%), Philippines (7.9%) and Indonesia (15.6%). In China, it is at 10.8% while India’s youth unemployment

Anthony Dass(pic) writes: Looking at Malaysia, although headline unemployment is around 3.4% in 2017, the youth unemployment rate is over three times higher at around 10.8% in 2017. Among Asean countries, the youth unemployment rate is lowest in Singapore at 4.6%, followed by Thailand (5.9%), Vietnam (7%), Philippines (7.9%) and Indonesia (15.6%). In China, it is at 10.8% while India’s youth unemployment

AS the global economy continues to recover, labour force is improving, albeit at a slower pace.

Global unemployment in 2018 is projected around 5.5%, slightly better than 2017’s reading of 5.6% on the back of a better global GDP outlook, with an expected growth of around 3.6% in 2018 from 3.3% in 2017.

Economy , Corporate News , Anthony Dass , AmBank

   

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