How would you react about this?
The report said, “There were 81,200 unemployed residents in June
2011.” Of these, how many are Singaproeans?
“On a non-seasonally adjusted basis, the resident unemployment rate
(was) 3.9 per cent in June 2011″, the report said. But those with
secondary education’s unemployment rate increased slightly from 4.2
per cent to 4.3 per cent. And Degree holders formed the largest
group among the unemployed residents at 19,900 or 24% in June 2011.
8,000 or 9.9 per cent of all unemployed, were degree holders below
30 years old. About 73 per cent of the 19,400 (24 per cent of all
unemployed) job seekers with below-secondary qualifications, were
mature residents aged 40 and over.
“There was “a rise in the share of those aged 40 and over in the
unemployed pool from 42 per cent in June 2010 to 46 per cent in
June 2011.”
“Nearly one in five (19 per cent) or 15,500 of the unemployed
residents in June 2011 had been looking for work for at least 25
weeks”
“Long-term unemployment generally improved across the education
groups, except for diploma & professional qualification holders
whose rate edged up from 0.6 per cent to 0.7 per cent”
So, those who
have difficulties getting employed seem to be getting older. The
long-term unemployment rate was highest, at 0.9%, for those aged 40
and over. So, it would appear that the older you are, the higher
may be the incidence of being a long-term unemployed. It also means
that the long-term unemployment rate only increased for those who
are more educated.
From:http://theonlinecitizen.com/2011/09/harder-to-be-re-employed-if-youre-more-educated/