Unemployment in Malaysia

Table of Contents Page Introduction.............................................................................................................. 2 Type of unemployment............................................................................................. 4 * Frictional Unemployment * Structural Unemployment * rotary Unemployment * Seasonal Unemployment Factors of unemployment......................................................................................... 6 * Business cycle * Aggregate demand * Decrease in substance supply Effect of unemployment........................................................................................... 7 * Economy * Social Solution and recommendation………………………………………………………… 9 * Fiscal Policy * Monetary policy * The relocation of labor policy * Allows flexible wages and prices * Retraining workers policy Conclusion..................................................................................................................11 References.......................................................

...........................................................12 Introduction thither atomic number 18 limited historical records on unemployment because it has not incessantly been acknowledged or measured systematically. According to the Department of Statistics Malaysia on 30 November 2010 report that the current rewrite unemployment in Malaysia is 3.1 percent. The add up labor force in September 2010 was 11,561.4. From that, 11,197.2 people are working and the number of unemployed persons was 364.2, or 3.2 percent. From 1998 until 2010, Malaysias unemployment rate averaged 3.4 percent reaching an historical high of 4.5 percent in contact of 1999 and a record low of 2.9 percent March 1998. The employed defined as; any persons 16 long time old or older, (1) who works for pay, either for someone else or in his or... If you want to get a full essay, order it on our website: Ordercustompaper.com

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