Weak graduate marketability in Malaysia has resulted in youth unemployment and a lack of high-skilled workers to fulfil the needs of the future workforce.

The number of new claims filed for unemployment benefits unexpectedly fell, pointing to solid job growth and continued labour market tightness despite efforts by the Federal Reserve to cool demand for workers.

A report from the Labor Department shows a measure of underlying inflation posting its biggest annual increase in 40 years as consumers also pay more for healthcare.

8.57 million jobs were recorded, compared to 8.25 million during the same period last year.