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Secret Recipe Mission and Vision

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Secret Recipe Mission and Vision

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2.2 Comparison of unemployment rate between two (2) countries and its reasons. Malaysia
Year| 2001| 2002| 2003| 2004| 2005| 2006| 2007| 2008| 2009| 2010| Unemploy-ment rate (%)| 3.53| 3.475| 3.611| 3.544| 3.534| 3.327| 3.2| 3.3| 3.6| 3.3| Percentage change| 17.59| -1.56| 3.91| -1.86| -0.28| -5.86| -3.82| 3.12| 9.09| -8.33|

Germany
Year| 2001| 2002| 2003| 2004| 2005| 2006| 2007| 2008| 2009| 2010| Unemploy-ment rate(%) | 7.883| 8.7| 9.783| 10.517| 11.208| 10.192| 8.783| 7.6| 7.742| 7.083| Percentage change| -1.46| 10.36| 12.45| 7.50| -16.5| -9.06| -13.82| -13.47| 1.87| -8.51|

The unemployment in Malaysia can be said as stable over the ten years. Although there is a small fluctuation in between, Malaysia’s government is efficient in keeping the situation in control. The unemployment rate in 2001 of Malaysia was on 3.53%, which is a increase of 17.59% over the previous year. However, on 2002, the unemployment rate decreased by -1.56% to 3.475%. In the year 2003, Malaysia experienced the largest unemployment rate over the decade which was on 3.611%. It is an increase of 3.91% as compared to year 2002. For the next four years, Malaysia experienced a good time in unemployment. From year 2004 to year 2007, the unemployment rate dropped by -1.86%, -0.28%, -5.86% and -3.82% respectively. In year 2008, the unemployment rate increased by 3.12% and was on 3.3%. But in the year 2009, the unemployment rate increased by a staggering 9.09% compared to the previous year. The unemployment rate of Malaysia in year 2009 was on 3.6%. However, Malaysia recovered much from this condition in year 2010. The unemployment rate dropped by -8.33% to 3.3%. As for Germany, the economy experienced a good time during the early 2000’s. Germany’s condition can be said serious compared to Malaysia because of its higher unemployment rate. In year 2001, the unemployment of Germany was recorded at 7.883% which is a...