Preview

Causes of Unemployment

Powerful Essays
Open Document
Open Document
1070 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Causes of Unemployment
Causes of Unemployment
In Malaysia, the unemployment rate is considered low compared to the early years such as 1986 where the unemployment rate reached as high as 7.6%. Today the unemployment rate is still affected by many factors and in order to make sure it doesn’t reach as high as before, we need to find out the causes of unemployment so that we can provide a solution to the cause of it.
Foreign labor force with lower wage or salary
Redundant workers and fresh graduates with qualifications for their respective job sectors searches for jobs with acceptable wage or salary. This will delay their ability to work period resulting in firms that need labor to be desperate and start demanding for foreign labor force with low wage or salary. Foreign workers from Indonesia, China, Myanmar, Vietnam, Philippines and many other countries enters Malaysia and fill in the vacant jobs in Malaysia causing job sectors to decrease in the number of jobs available for our own labor force causing labor force in Malaysia to increase in the unemployment rate. Below is the table of the total number of foreign workers in Malaysia from 1999-2008 :
Total Number of Foreign Workers in Malaysia, 1999-2008 Year | Foreign workers | Percent increase y-o-y | 1999 | 409,660 | . | 2000 | 807,096 | 97.02% | 2001 | 849,829 | 5.29% | 2002 | 1,067,529 | 25.62% | 2003 | 1,336,980 | 25.24% | 2004 | 1,470,090 | 9.96% | 2005 | 1,815,238 | 23.48% | 2006 | 1,829,209 | 0.77% | 2007 | 2,044,805 | 11.79% | 2008 | 2,062,596 | 0.87% |
Source: Ministry of Home Affairs

Number of foreign workers in Malaysia by Sector, 1999-2008

| 1999 | 2000 | 2001 | 2002 | 2003 | Sector | Total | Percentage (%) | Total | Percentage (%) | Total | Percentage (%) | Total | Percentage (%) | Total | Percentage (%) | Maid | 94,192 | 23.0 | 177,546 | 22.0 | 194,710 | 22.9 | 232,282 | 22.0 | 263,465 | 21.2 | Manufacturing | 155,277 | 37.9 | 307,167 | 38.1 | 312,528 | 36.8 | 323,299 | 30.6 |

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Elis Printing Case

    • 492 Words
    • 2 Pages

    International Accounting Prof. William Hancock Ellis printing Case Ellis printing Case 1. Prepare Ellis printing Company’s cash budget for the 1st half of 2007 | | | Jan-07 | Feb-07 | Mar-07 | Apr-07 | May-07 | Jun-07 | I. Cash Input | | | | | | | | | Receipt, 1% discount, Month (1st -20th ) | 6,600 | 9,240 | 11,220 | 13,200 | 9,240 | 6,600 | | Receipt, 1% discount, Month+1 (21st - 30th ) | 2,640 | 3,300 | 4,620 | 5,610 | 6,600 | 4,620 | | Receipt, Month+30days | 28,000 | 35,000 | 49,000 | 59,500 | 70,000 | 49,000 | | | Receipt, Month+60days | 2,500 | 4,000 | 5,000 | 7,000 | 8,500 | 10,000 | | | Total Cash Input | | 39,740 | 51,540 | 69,840 | 85,310 | 94,340 | 70,220 | | | | | | | | | | | | II. Cash Output | | | | | | | | | material(10% of M+2 sales) | 8,500 | 10,000 | 7,000 | 5,000 | 2,500 | 2,000 | | | material(10% of M+1 sales) | 7,000 | 8,500 | 10,000 | 7,000 | 5,000 | 2,500 | | | labor(20% of M+2 sales) | 17,000 | 20,000 | 14,000 | 10,000 | 5,000 | 4,000 | | | labor(20% of M+1 sales) | 14,000 | 17,000 | 20,000 | 14,000 | 10,000 | 5,000 | | | G&A expenses | | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | | | Lease fee | | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | | | Miscellaneous expense | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | | | Interest expense paid | 5,000 | | | | | | | | Purchasing a machine | | | | | | 50,000 | | | Tax | | | | | 75,000 | | 75,000 | | | Total Cash Output | 65,000 | 69,000 | 64,500 | 124,500 | 36,000 | 152,000 | | | | | | | | | | | | III.…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The individual assignment for this week tasked the students to select one organization from either our week two assignment or the University material. This paper will show the data in an index using the time series data to forecast inventory for the next year. The Winter Historical Inventory Data from the (University of Phoenix, 2010) shows four years of actual demand of inventory data for the seasonal Winter Highs. Each year is divided into 12 month increments.…

    • 396 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The return on assets (ROA) percentage shows how profitable a company 's assets are in generating revenue. Compared to the industry average, CVS and Walgreen 's ROA are much higher. However, Walgreen 's ROA is higher than CVS 's; which means that the latter is not benefiting as much from its assets as Walgreens does.…

    • 1372 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    a) The part of the GDP that’s the most stable is consumption based on the smallest change from the year with the smallest contribution to GDP to the year with the largest contribution.…

    • 704 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    SAMHSA Case Studies

    • 68190 Words
    • 273 Pages

    (1.4 million persons and 0.5 percent), but they were lower than in 2003 to 2007 (e.g.,…

    • 68190 Words
    • 273 Pages
    Powerful Essays
  • Good Essays

    1. Jensen Company purchased a new machine on September 1, 2012, at a cost of $128,000. The company…

    • 961 Words
    • 4 Pages
    Good Essays
  • Good Essays

    University of Chicago Booth School of Business Accounting and Financial Analysis I (B30016) Case 1: Acme United Corporation Selected Computations Prof. L. Soffer The journal entry summarizing the 2008 activity in the first table in the tax footnote is: Income tax provision $2,209,030 Deferred income tax asset/liability - net $224,277 Cash or income taxes payable $2,433,307…

    • 521 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Actg351 Hw1

    • 995 Words
    • 4 Pages

    2011 350,000 3,150,000 3,500,000 10.00% 2012 2,500,000 1,700,000 4,200,000 59.52% 2013 4,250,000 0 4,250,000 100.00% 1,619,200 1,669,200 -50,000…

    • 995 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    /MiddSuppose that in the coming year, you expect Exxon-Mobil stick to have a volatility of 42% and a beta of 0.9, and Merck 's stock to have a volatility of 24% and a beta of 1.1. The risk free interest rate is 4% and the markets expected return is 12%.…

    • 24077 Words
    • 97 Pages
    Satisfactory Essays
  • Powerful Essays

    Overall the financial data presented above indicates that the performance of Whole Foods Market constantly improved since 2009. First of all, between the years 2009 to 2011, Whole Foods Market’s sales increased by 20%. Regardless of the high increase in sales during the two three financial years (2009-2011) Whole Foods Market profit margin, stayed almost the same with a slight improvement of 0.69%. Nevertheless, WFM profit margin is 27% greater than the industry average (25.47%). Which means that WFM had keeps a decent profit on every dollar of sales (34.99% as of Sep 2011). In addition to that, the significant increase in WFM’s net income (57% increase), strengthen the assessment that WFM performs well and enjoys superior financial health…

    • 3589 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Microsoft Excel Problems

    • 1820 Words
    • 8 Pages

    1. The following time series represent the total population of the United States, in thousands, over the last 12 years.…

    • 1820 Words
    • 8 Pages
    Good Essays
  • Good Essays

    INTRODUCTION COMPANIE’S BACKGROUND * Founded in 1952 by John Henry Hutchison * Headquartered in Richmond, Virginia * 350 popularly priced woman’s clothing stores * Manufacturers ship floor ready goods to distribution centers * All stores located within 400 miles of a distribution center * Hutch Fashions * Women’s fashion apparel chain * Trendy apparel selection * Complementary array of accessories * Typically require 4000 to 5000 Sq. ft. * Hutch Extra * Cater to women requiring large and half-size apparel * Stores requires less space (2000 to 3000 Sq.…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Introduction Forecasting is defined as the prediction of future events based on known past values of relevant variables (Makridakis, S., Wheelright, S. C. & Hyndman, R. J., 1998). Forecasting unemployment rate accurately is important because it helps economists to have a better idea of what the future economy holds (Lewis, R., & Brown, C., 2001). Besides, it is also important for the government in terms of decision and policy making. With the support of stable economic growth, Malaysia experienced low unemployment rates in the 1990s with the lowest recorded in 1997 at 2.4 per cent. From 1999 onwards, the unemployment rate has increased as a result of the financial crisis and subsequent economic downturn. Univariate Modelling Techniques are methods for analyzing data on a single variable at a time. Examples of Univariate Modelling…

    • 2111 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    There are many advantages of having and distributing a resume when one decides to venture into seeking new employment or even advancing in their current occupation. According to information retrieved from www.benefitof.net, having a resume gives the employer a quick glance of the applicant without having seen or speaking with them in person. When organizing a resume one should consider listing their hobbies, as this technique will set them aside from other candidates and helps to build a stronger rapport between the applicant and employer. Lastly, by having a resume, you have allowed yourself to submit your resume in different arrays such as using the internet- this option opens up many doors at once by letting multiple employers seeking to hire, see what you have to offer all at the same time. In conclusion, by having a resume it puts one in a better position of obtaining job, especially when others don’t submit a resume, as well as it gives you more advantages to apply for multiple positions right from the comfort of your couch.…

    • 1444 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Causes of Unemployment

    • 1783 Words
    • 8 Pages

    Towards the end of the Bush administration and the beginning of the Obama administration, unemployment began to peak, and eventually was at an all time high since the Great Depression. Unemployment affects individuals as well as society as a whole. It affects the outlook of the country; the families that help build the nation, and the progress of said nation. Unemployment is said to create a ripple effect, it is the headline factor that leads to many other unraveling structures in society. An example of this is crime rate, life expectancy, even marriage rate. These attributes usually contribute to the nations outlook, but when these are negative, as they are now, the nation is looked at with less value.…

    • 1783 Words
    • 8 Pages
    Good Essays