1.95mil college grads in semi-skilled or low-skilled jobs

1.95mil college grads in semi-skilled or low-skilled jobs

The statistics department says the figure represents 36.8% of those with tertiary education and is 100,000 higher than in the second quarter.

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The number of unemployed people dropped by 0.6% to 555,300, with the unemployment rate for September holding at 3.2%.
KUALA LUMPUR:
About 1.95 million Malaysians with college or university qualifications are underemployed and working in semi-skilled or low-skilled jobs, says the statistics department.

In its recently released monthly labour force report, the department said the figure is an increase of about 100,000 workers from the second quarter of 2024, and represents 36.8% of the total number of tertiary-educated workers.

Chief statistician Uzir Mahidin said the total labour force had increased by 0.7% to 17.26 million in the third quarter. The number of unemployed people also declined to 555,300 showing a 0.6% drop, with the unemployment rate for September at 3.2%, the same as in August.

“Following the country’s encouraging economic performance, the country’s labour market position in September remained strong. This was illustrated by the increasing number of employed persons, while the number of unemployed persons is declining,” he said.

In terms of duration of unemployment for the actively unemployed, 62.0% were unemployed for less than three months, while 6.5% were in long-term unemployment for more than a year. The inactively unemployed or those who believed that no jobs were available declined by 0.1% to 111,800 people.

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