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DOSM: 1.95m tertiary grads working in low-skilled jobs
This group of underemployed workers represent 36.8 percent of all tertiary-educated workers, said the Department of Statistics Malaysia in its latest release.
The department, however, did not break down the data on underemployment by ethnicity, tertiary education, geography or type of low-skilled jobs the tertiary-educated workers are employed in.
At the same time, Malaysian workers were...
Some 1.95 million tertiary-educated workers in Malaysia are employed in low-skilled jobs as of the third quarter (Q3) of 2024, representing a slight increase of about 100,000 workers compared to last quarter.
This group of underemployed workers represent 36.8 percent of all tertiary-educated workers, said the Department of Statistics Malaysia in its latest release.
The department, however, did not break down the data on underemployment by ethnicity, tertiary education, geography or type of low-skilled jobs the tertiary-educated workers are employed in.
At the same time, Malaysian workers were working longer hours.
The number of people who worked fewer than 30 hours a week decreased by 2.8 percent to 280,100 persons in Q3 2024, compared to the previous quarter.
READ MORE: World Bank: More M’sian degree grads working in jobs that don’t need it
Meanwhile, unemployment figures have been showing an encouraging consistent downward trend since September 2021 when 729,600 people were unemployed, representing an unemployment rate of 4.5 percent.
In September 2024, the number was 555,300 persons or an unemployment rate of 3.2 percent.
“Following the country’s encouraging economic performance, the country’s labour market position in September 2024 remains strong.
“This was illustrated by the increasing number of employed persons, while the number of unemployed persons is declining,” said chief statistician Mohd Uzir Mahidin in a statement.
The state with the lowest unemployment rate was Kedah at just 1.6 percent, followed by Selangor (1.9 percent), Penang (2.0 percent), and Putrajaya (2.0 percent).
States and territories with the highest unemployment rates were Sabah (7.9 percent), Labuan (6.1 percent), and Kelantan (3.7 percent).
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