In view of the situation, the prime minister said he will hold discussions with Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus on measures to curb the problem. theSun theundaily BNM bankrupts DOSM youths
today expressed concern over the increase in the number of bankrupts among youths.
“I am concerned when looking at the latest statistics on bankruptcy among youths and I am also concerned that the numbers will rise further. Based on numbers provided by the Department of Statistics Malaysia , until April this year, the country’s unemployment rate was brought down to 3.9 per cent, compared to 4.6 per cent for the same period in 2021.
Ismail Sabri said the closure of several economic sectors had increased the country’s unemployment rate to 5.3 per cent in May 2020, the highest monthly rate ever recorded. He said according to DOSM’s Labour Force Survey Report, some 2,750 graduates had gained employment through the Ministry of Higher Education’s Career Enhancement Programme .
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