Malaysia's Economy Lacks Skilled Jobs, Study Finds

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Malaysia,Economy,Skilled Jobs

A study by Khazanah Research Institute reveals that Malaysia's economy is not producing enough skilled jobs, with only 25% of total jobs being skilled. The report also highlights a decline in the creation of new skilled jobs, while semi-skilled jobs dominate the market.

PETALING JAYA: Malaysia’s economy is not producing enough skilled jobs and the trend has yet to show a positive sign, according to a study by Khazanah Research Institute .

“The lack of skilled job creation is being compensated by semi-skilled jobs, which saw an increase from 43.2% to 60.8% in the same period,” they said in the report published in March. “What’s interesting is that although the number of highly educated graduates has increased in comparison to the amount of skilled jobs, many employers still find it difficult to hire them due to lack of experience or technical skills.

At present, the two researchers said the service sector dominates the workforce at 51.6% between 2015 and 2022, followed by the manufacturing sector at 42.8% for the same period.

 

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