Labour market sees over 12.24 million vacancies in five years
MYFutureJobs, a portal operated by the Social Security Organisation (Perkeso) under the Human Resources Ministry, connects job seekers with employers using artificial intelligence (AI) technology to improve job-matching accuracy.
Perkeso group chief executive officer Datuk Seri Dr Mohammed Azman Aziz Mohammed said millions had successfully secured employment through the platform during the period.
He said this included 461,863 graduates, reflecting MYFutureJobs' growing role as a catalyst for youth transition into the workforce.
"A total of 1,279,095 job seekers secured employment. This is the result of various strategic interventions and matching programmes implemented by Socso.
"Although the figure represents around 10 per cent of total vacancies, it is a key indicator of the effectiveness of our job placement mechanisms, which are being continuously developed and strengthened," he told Berita Harian.
Regarding graduate job mismatch, Azman said the matter was being addressed as part of efforts to dynamically restructure the national employment landscape.
The underemployment rate among graduates rose to 34.3 per cent last year.
In response, Perkeso has undertaken various strategic initiatives, including organising 106 MYFutureJobs Career Fairs nationwide.
"We have also developed the Labour Market Exchange (LMX) portal to provide accurate, up-to-date labour market data - including salary ranges, industry demand trends and growth sectors - to help guide graduates in career selection. This is done in collaboration with ministries and government agencies.
"In addition, Perkeso has introduced employability and career guidance programmes for students before graduation, and established the interactive and digital MYFutureJobs Career Exploration Centre (MYCEC)," he said.
Between January and June 20 this year, a total of 182 programmes were held under the Career Launchpad initiative, attracting 13,812 participants. The programme was created to prepare prospective graduates to transition into the workforce and enhance their marketability.
"This experience has led to the expansion of MYFutureJobs Career Fairs into the metaverse. The virtual format allows job seekers to explore employment opportunities, attend interviews and engage with employers — without being limited by location," he added.
The MYFutureJobs mobile application, launched in May 2025, has since been downloaded by 51,000 users.
Previously, the Centre for Future Labour Market Studies (EU-Era) found that 78.7 per cent of graduates in the country were not fully prepared to enter the workforce upon graduation.
Following this, the Higher Education Ministry (MoHE) has called on universities to review their academic programmes, particularly those with an employability rate below 30 per cent.
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