A lot of people aged 25 to 34 are not in the labour force, due to a longer duration of education.
In terms of labour supply, he said employed persons recorded a slight year-on-year decline by 7,000 to 15.24 million people in Q1 2021 compared to a decrease of 93,000 people in the previous quarter. In Q1 2021, the outside labour force increased by 2.1% to 7.32 million people compared to 7.16 million people in Q1 2020, he said.
Meanwhile, he said a large share of the males outside the labour force was in the youth age group due to schooling or training. “Hence, the labour demand during Q1 2021 decreased at a smaller rate of about 1.5% to record 8.44 million jobs as against 8.57 million jobs in Q1 2020,” he added.
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