Budget 2021 “Janakerja Untuk Graduan”

Young people are graduating into what could be one of the toughest job markets in decades. Unemployment is rising, companies are scaling down, freezing recruitment and there are no place for young graduate to be accepted.

The Department of Statistics Malaysia estimates that 300,000 to 350,000 fresh graduates will enter the labour market this year. It adds that the country’s unemployment rate peaked at 5.3{17c0c7c8a24a6e48bfe42b0bbfddcb5c572fb0da1c5859adba1973bf3b84029b} in May and eased to 4.7{17c0c7c8a24a6e48bfe42b0bbfddcb5c572fb0da1c5859adba1973bf3b84029b} in July. However, nearly 750,000 people are still unemployed.On other news report, about 75,000 out of 300,000 fresh graduates are projected to encounter some challenges in finding jobs within six months after graduation, as a result of the impact of Covid-19, Higher Education Minister Noraini Ahmad said quoted from Bernama news.

Bridging the gap between employers’ expectations and young adults’ skill sets, a reorientation of government-run industry training programmes could meet the changing needs of the industries. Hope for all business to consider transforming the existing businesses to e-commerce platforms, using the complementary skill-matching and job placement initiatives that could enable job seekers to find suitable employers. For job seekers, either Fresh Graduate or unemployed do not wait for change, this are the best time to upskills themselves, creating their own jobs through self-employment such as ‘outsourcing’ or ‘exporting’ their services locally and abroad to gain experience and income.