Thursday, May 18, 2017

MALAYSIA:::‘Drop in jobless rate nothing to shout about’

News of a drop in the unemployment rate has failed to impress either the Malaysian Trades Union Congress (MTUC) or the Malaysian Employers Federation (MEF).

MTUC president Abdul Halim Mansor and MEF executive director Shamsuddin Bardan said the public should look beyond the numbers shown in a report that MIDF Research released last Tuesday.
The report, which showed figures collected up to March this year, said the unemployment rate had decreased to 3.4% after three consecutive months of staying at 3.5%.
Halim said the report did not consider the fate of workers who had been retrenched.
He told FMT it was more difficult for retrenched workers to get employment than it would be for new entrants into the job market.
“Most of them lost their jobs mainly because of age,” he said. “And these people are usually rank and file and have not been provided with any position upgrade certifications.
“So when they are laid off, it’s harder for them to find suitable jobs that match their previous positions. They are forced to start from scratch.”
He also spoke of the challenge faced by young people who could not find jobs to match their qualifications.
“If you give a job that pays RM1,000 to an applicant that has a college degree, of course the applicant will not accept it,” he said.
Shamsuddin said the government should be focusing more on the youth unemployment rate, which is three times higher than the average national unemployment rate.
He also said the private sector was hard pressed to create more jobs in the currently sluggish economic environment.
Bank Negara Malaysia’s annual report for 2016 said the youth unemployment rate in Malaysia reached 10.7% in 2015. It said most young people could not find employment because they lacked experience and communication skills.
MTUC and MEF say the public should look beyond the numbers.

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