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