Amount of public universities’ graduates boosted from 2015 to 2016

The number of graduates in public universities has a tremendous increase from 2015 to 2016, a total hike of 16,172 graduates. The increase of graduates mostly come from the attainment of bachelor’s degree, contributing 14,085 more graduates in 2016 as oppose to the year before. This shows an improvement in our nation’s educational level.
However, the downside is that the amount of students receiving matriculation certificate has reduced from 3,321 graduates (2015) to 1,255 graduates (2016). 
Breaking down the graduates in 2016, the amount of women graduates is almost twice when compared to the male graduates, 89,267 female graduates to 49,359 male graduates.
Overall, the type of field that attracts the most students are social science, business and law. In 2017, former Minister of Higher Education Idris Jusoh revealed that the six courses with the highest unemployment rate are business administration, applied science, human resource management, accounting, arts, and social science.
Does this means that Malaysia have oversupply of manpower in those fields or not enough corporates/companies in those industries to hire the graduates?