Job market improved for youth as unemployment fell, more looked for work: MOM

  • 📰 straits_times
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 69%

Business News News

Business Business Latest News,Business Business Headlines

Job market improved for youths as unemployment fell, more looked for work: MOM

SINGAPORE - Youth employment in Singapore saw significant improvement compared with the height of the pandemic in 2020, according to figures for last year.that the resident youth unemployment rate fell to 7.3 per cent, from 10.6 per cent in 2020. Resident youth refers to citizens and permanent residents, aged 15 to 24.

The increased participation led to a higher youth unemployment rate in 2021 compared with pre-Covid-19 level of 6.6 per cent in 2018, noted MOM."This means that they are less likely to be long-term unemployed, compared with their more mature counterparts, who are more likely to spend additional time in seeking equivalent jobs."

Of resident youth who were employed, a small majority - or about 56 per cent - worked full time in June 2021, compared with about 53 per cent in the same quarter for 2018.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore labour market recovery to continue at more gradual pace in 2022: MOM
Source: straits_times - 🏆 5. / 69 Read more »

Unemployment rates fall to near pre-COVID-19 levels, job market recovery to extend in 2022: MOMSINGAPORE: Total employment rebounded in 2021, with unemployment rates dipping to near pre-COVID-19 levels, the Ministry of Manpower (MOM) said in its 2021 Labour Market Report released on Monday (Mar 14). The labour market recovery is expected to continue this year, with economic growth gaining momen
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

More looking for work as job market improves for youthsYouth employment in Singapore saw significant improvement compared to the height of the pandemic in 2020, according to figures for last year. The Ministry of Manpower (MOM) said in its
Source: thenewpaper - 🏆 7. / 63 Read more »