Tough Road ahead for 45 and Older
A Discussion on Employment in Singapore Unemployment statistics is probably one of the most closely monitored indicators of the labour market. Labour market outcomes in June 2018 improved compared to a year ago. Employment has grown. The employment rate remained high for residents aged 25 to 64, and continued to rise firmly for older residents aged 65 & over. Over the same period, the resident unemployment rate moderated for both PMETs and non-PMETs. The real median income also continued to grow in the recent five years. MOM Report: Labour Force in Singapore Advance Release 2018 Employment is an emotive as it affects a person livelihood and standard of living. By seeking employment, a worker more or less accepts the notion of seeking a stable income through the provision of labour. Recent discussions on minimum wage, display of Government (G) statements on low unemployment vis a vis high number of job vacancies, calls for skill upgrade and adve...