is a good sign of the graduate's quality. The relationship between unemployment and inflation is also known as the Phillips curve. Equipments in the laboratories are 10-20 years backward. Generally, the citizens in government organizations use Bahasa Malaysia as communication language. This is a great distance between the education systems of the two countries. Though the development rate may not be too high in this quarter, the economic condition of the country will flourish by the year 2012. It provides a platform for students to show their personalities. In economics, unemployment statistics measure the condition and extent of joblessness within an economy. Unemployment in an economic sense has proved a surprisingly difficult thing to define, let alone "cure". There is a natural rate of unemployment, which may also be called the equilibrium level of unemployment in a particular economy.
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As per the classical view of inflation, inflation is caused by the alterations in the supply of money. Frictional unemployment is always present in an economy no matter which country are u, so the level of unemployment is calculated by the unemployment rate minus the rate of frictional unemployment. Frictional unemployment exists because both jobs and workers are multifarious, and a mismatch between the demand and supply. With their presence, the field of job market in Malaysia is becoming more competitive. Most of the graduates with rural background lack of communication skills compared with those from city. The result also indicates that a lot of female graduates are able to achieve excellent academic results but they could not secure their employment without the relevant skills required in the labor market. This is a big challenge for Malaysia educations system. The greater the number of the unemployed or the longer they are without work the more money the government has to shell out. When there is a mismatch of skilled workers in the labor market, the structural change within an economy will influence the unemployment. There are many different reasons why a person could be unemployed.
Cause And Affect Of, unemployment, in, malaysia Unemployment, affects Economic Growth in, malaysia Essay - 1806 Words Bartleby
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