202,4000 unemployed graduates in 2020

by AZREEN HANI

There was a notable increase of unemployed graduates by 22.5 per cent in 2020, while more employed graduates were in underemployment according to the Department of Statistics Malaysia (DOSM).

” Unfavourable economic environment in 2020 and its consequences to the overall labour market situation had caused the number of unemployed graduates to increase notably by 22.5 per cent (+37.2 thousand persons) to 202.4 thousand persons (2019: 165.2 thousand).

“The rise was observed for both Degree (+22.4 thousand persons) and Diploma holders (+14.8 thousand persons) largely among graduates aged 35 years and over,” chief statistician of Malaysia Datuk Seri Dr Uzir Mahidin said in a statement today.

The graduate’s unemployment rate for 2020 went up by 0.5 percentage points to 4.4 per cent as against 3.9 per cent in the preceding year.

“In addition, more than 75 per cent of unemployed graduates were actively seeking work whereby almost half were unemployed for less than three months,” he added.

Graduates Statistics 2020 by DOSM describes the overall graduates labour supply in 2020 by demographic and socioeconomics characteristics.

Graduates in this report are defined as individuals with the highest certificate obtained from universities, colleges, polytechnics, recognised bodies or equivalent, with the study duration of at
least two years.

Moving on to employed graduates, he explained: “Among 4.35 million employed graduates in 2020, more than two-third (68.8%) were in skilled occupation category but the number declined by 0.8 per cent compared to 2019.” 

The decrease was seen in the occupation categories of Professional as well as Technicians and associate professional. Meanwhile, semi-skilled category gained 19.3 per cent of employed graduates, particularly in the occupation categories of Service and sales workers; and Plant and machine operators and assemblers.

“Thus, the composition of employed graduates in the semi-skilled category increased to 28.9 per cent as against 25.6 per cent in the previous year. In the meantime, 2.3 per cent of employed graduates were in the low-skilled occupation category,” he added.