Kota Bharu, 15 June 2015: From 2011 until 2014, the average annual unemployment rate in Malaysia was at 3%.

Minister in the Prime Minister's Department, Datuk Seri Abdul Wahid Omar, said in the first four years in the 10th Malaysia Plan (2011-2015) Malaysia has more than 400,000 people looking for jobs.

Malaysia had set a target i.e. 75% of graduates would find employment within six month of graduation. In 2011, with the introduction of 1Malaysia Training Scheme (SL1M), more than 53,000 graduates with diplomas and degrees and those passed the SPM and STPM have benefited from this program. From this total, 19.700 were graduates who had undergone training and were directly involved in this program, while the rest received assistance from outreach program such as resume writing and interview skills.

Source: Adapted from The Star Online, 2015.

Case questions

Define unemployment, and write the formula to calculate the rate of unemployment.

Based on the above article, identify and explain the type of unemployment and suggest two direct control measures taken by the government to control this problem.

Briefly explain two effects of unemployment to a country.

State any other policies that can be used to reduce unemployment by the government.

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