Malaysia’s youth unemployment rate declines in Q1 2022 — PM

Malaysia’s youth unemployment rate declines in Q1 2022 — PM

TUARAN (Sabah, Malaysia), July 16 (NNN-Bernama) — Malaysia’s unemployment rate among youths aged between 15 and 40 has dropped to 5.3 per cent in the first quarter of this year compared to 5.9 per cent in the same period last year, said Prime Minister Ismail Sabri Yaakob.

He said the percentage showed that the number of unemployed persons in the first quarter of this year was 585,000, down from 627,000 people in the same period last year.

“This number is expected to continue to decline if we take note of the various initiatives and programmes available for youths,” he said when launching the 2022 National Youth Day, here today.

To ensure that the youth unemployment rate continues to drop, Ismail Sabri said the government, among others, through strategic cooperation between the Ministry of Youth and Sports, the Ministry of Agriculture and Food Industries and the Department of Director General of Lands and Mines, would focus more on urban farming.

He said the effort was a strategy to increase youth involvement in the agro-food sector as well as the Young Agropreneur programme.

The Prime Minister said a total of 8,000 young entrepreneurs had received assistance comprising grants, funding, short-term courses, as well as technical and financial advisory services.

“The agro-food sector can provide a lucrative income if it is well managed using the latest technology. It can guarantee the quality of production that can be exported to help increase national income.

“Youth involvement in the agro-food sector will be strengthened through the organising of the Agro Job Fair programme at MAHA (Malaysia Agriculture, Horticulture and Agro-tourism Expo) 2022 next month which offers 5,000 job opportunities by participating companies. I call on interested graduates and youths to seize these job opportunities,” he said.

Ismail Sabri said 21.4 per cent or seven million of the 32.7 million Malaysians were youths aged between 15 and 30, while those aged between 15 and 40 have reached almost 15 million.

He said it was a significant figure that influenced every national development plan.

Therefore, the aspirations and views of the youths were also crucial for the government to formulate a direction for the country’s future, he added.

— NNN-BERNAMA

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