Monday, 13 June 2016
Matthew Liang's Independent Learning Log 4
Learning Log 4
What I did: I wanted to find out what is going on in Singapore this year, so I went to straits' times to find recently published articles and found this article about residents who remain jobless even though unemployment rate decreases.
Words I do not know:
Layoff-a temporary or permanent discharge of a worker or workers.
What I learnt:
- I learnt that although layoffs fell from the high of the previous quarter, the number of workers let go was still the highest in any first quarter in the past seven years.
The unemployment rate for Singapore citizens and residents fell this year. However, older workers are still not employed, even though fewer younger residents joined the labour force.Although layoffs fell from the high of the previous quarter, the number of workers let go was still the highest in any first quarter in the past seven years. More residents aged 30 years and above were unemployed and residents who are aged 50 years and above saw their jobless rate go up for the fourth quarter in a row, from 1.8 per cent last year to 2.2 per cent. This increase was offset by the decline in unemployment rate for residents younger than 30, which was due to a lower participation rate in the labour force among youth aged 15 to 24.