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Chart of the Day: Unemployment rate for people under 30 highest in June

Singapore Business Review/27 September 2017

Students aged 15-24 looked for vacation jobs.

This chart from the Ministry of Manpower (MOM) shows the resident unemployment rate in June was the highest for those below 30 years old at 7.8% YoY.

It increased from last year’s 7.1%.

MOM said the increase in unemployment among those aged below 30 was due to more students aged 15-24 looking for vacation jobs.

People within the 50 and over age ranged followed with a rate of 3.7%, up from last year’s 3.4%.

The unemployment rate amongst those 40 to 49 years old reached 3.2%, unchanged from last year.

Only unemployment rate for the 30 to 39-year-olds declined YoY by 3.0% from 3.4%.

 

News Source: Singapore Business Review

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