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/
Once reach 40, chances of getting employ drop by 50%.
Once reach 50, chances of getting employ drop by 80%