What is meant by labour force and unemployment? (4 marks) b) Based on this article, explain the type of unemployment faced by our economy. (4 marks) c) Discuss also how this type of unemployment affects our economy. (6 marks) Explain two (2) measures that you think the government should do to solve this problem. (6 marks) Malaysia's Unemployment Rate May Rise To 4.5% By Year-End PETALING JAYA: Domestic unemployment rate may rise to 4.5% by year-end from 3.7% last year, according to International Trade and Industry Deputy Minister Datuk Mukhriz Tun Mahathir "To us, the figure is high and we have never reached this high a figure before. At the same time, we are trying to reduce the jobless rate," he told reporters after launching the Third National Internship Challenge yesterday. He said most factories that had laid off workers had begun to take back former employees after demand picked up. As of July 7, Mukhriz said, statistics compiled by the Human Resources Ministry showed a cumulative figure of 38,732 workers retrenched due to the economic crisis. Of the total, 29.712 were permanently terminated while 9,020 accepted voluntary separation offers In addition, 40,662 workers had their pay reduced while 4, 1 12 were temporarily laid off In his speech earlier, Mukhriz said that although downsizing in the current downturn was not as severe as during the 1997/98 Asian financial crisis when 84,000 Malaysians had lost their jobs, it was still a cause for concern Adapted from The Star. 14/08/2009