Concurrent Session E: “Is There a Jobs Crisis in Malaysia?”
The COVID-19 pandemic has triggered one of the worst jobs crisis the world over, estimated to be ten times more devastating than the global financial crisis. Malaysia is not spared from the hit to employment, with young job seekers, especially fresh graduates, most impacted. In January 2021, youth unemployment among 15 to 24-year-olds was estimated at over 13% in Malaysia, more than five times the rate for older adults*. A prolonged jobs crisis will further widen inequalities, with the impact felt for years to come.
This session addresses the trouble areas of employment in Malaysia, especially those that affect the nation’s youth. The discussion will also cover future jobs “hotspots” and what policies are needed to ensure long-term job creation in the country.
*Department of Statistics Malaysia, January 2021