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Grad in their 30s and 40s can't find job

makapaaa

Alfrescian (Inf)
Asset
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Coffeeshop Chit Chat - Grad in their 30s and 40s can't find job</TD><TD id=msgunetc noWrap align=right>
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</NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>1:20 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 6) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>21055.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD>Rise in the chronic jobless
</TD></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD>Grads in their 30s and 40s and lowly-educated find it hard to get hired </TD></TR><TR><TD><!-- Author --></TD></TR><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Goh Chin Lian
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPORE'S job market is stabilising after a wave of layoffs, but two groups continue to struggle to find jobs.
They are university graduates in their 30s and 40s, and the lowly-educated in their 40s.
Together, they formed the majority - eight in 10 - in a swelling rank of local residents who were chronically unemployed as of June this year.
These are people who, after 25 weeks of job-hunting, failed to find a job or preferred to wait for a better option.
These figures, when coupled with a record low rate of re-employment, send a sobering note of caution when interpreting the stable unemployment rate and fewer layoffs given in a Ministry of Manpower (MOM) report released yesterday.
The report provides finalised job market figures for the April to June period, including the first half.
In all, Singapore lost 13,900 jobs in the first half. This is 26 per cent fewer than MOM's estimate of 18,800 in July.
Looking ahead, Nanyang Technological University economist Choy Keen Meng sees the job market improving as the economy has been showing initial signs of a recovery in the past three to four months. Unemployment has stabilised, he added.
The latest MOM report shows unemployment stayed at 3.3 per cent as in the previous three months. At the same time, the resident unemployment rate fell from 4.8 per cent to 4.6 per cent.
But the reason for the decline, said MOM, is that many stopped seeking jobs to pursue courses, which means they are no longer counted as unemployed.
Other positive signs of an economic pick-up: Layoffs and premature release from contracts fell by more than half in the second quarter compared to the first three months.
Layoffs fell from 10,900 to 5,170, and early contract release, from 1,860 to 810.
Job vacancies, on the other hand, soared 17 per cent to 24,500.
Also, for the first time in six quarters, the ratio of job vacancies to unemployed people improved, from 31 to 33 openings for every 100 job-seekers.
Manpower Minister Gan Kim Yong told reporters during a factory visit yesterday that he expects fewer layoffs in the third quarter.
But it is not time to celebrate yet, he said.
'The outlook remains uncertain. The labour market is likely to remain weak for the rest of the year,' he said, pointing out that bosses are still cautious about hiring.
NTUC assistant secretary-general Ong Ye Kung expects the long-term unemployment rate - which rose to 1.3 per cent in June from 0.5 per cent a year ago - to worsen as job creation stagnates.
Job experts say jobless degree holders are finding it difficult to switch to a new industry or take a pay cut because of their hefty financial commitments.
Also, job openings tend to be more for junior and mid-level positions than senior posts normally held by degree holders, said assistant director Josh Goh of human resource firm The GMP Group.
Mr Ang Hin Kee, chief executive of the NTUC's Employment and Employability Institute, said some degree holders are still holding out for a better job, hoping the economic gloom will lift soon.
But the majority are willing to try something new, with many moving from IT, finance and electronics manufacturing to childcare and tourism.
He said: 'It's helpful to have a flexible mindset to take up new skills. Employers should also be more ready to consider those who make a mid-career switch.'


[email protected]

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makapaaa

Alfrescian (Inf)
Asset
>>>Job experts say jobless degree holders are finding it difficult to switch to a new industry or take a pay cut because of their hefty financial commitments.<<<

Prof-MahBowTan.gif


What hefty financial commitments when my bee hives are so darn affordable? *chey*
 

makapaaa

Alfrescian (Inf)
Asset
>>>But the majority are willing to try something new, with many moving from IT, finance and electronics manufacturing to childcare and tourism.<<<
Subliminal message that those who are jobless have only themselves to be bramed? Btw, what does it say about the BEST PAID govt in the world when it's importing trash to replace real talents and force the latter to work as cleaners and in casinos?
 

halsey02

Alfrescian (Inf)
Asset
>>>But the majority are willing to try something new, with many moving from IT, finance and electronics manufacturing to childcare and tourism.<<<
Subliminal message that those who are jobless have only themselves to be bramed? Btw, what does it say about the BEST PAID govt in the world when it's importing trash to replace real talents and force the latter to work as cleaners and in casinos?

Vivien....say, you must hold hands with the new come all...spend 10 millions......to make them feel at home..while you have no jobs no home...what a joke...what up 30 to 40...are you part of the 66.6%?, your choice of candidates are fantastic...:p
 

OverTheCounter

Alfrescian (InfP)
Generous Asset
University grads cannot find job? Bullshit. It's because of UNREASONABLE EXPECTATIONS.

But I agree dat lower income/lower edu pple cannot find job because of FUCK TYPE PAP FT POLICY. DAT much I can agree.

OTC

<table id="msgUN" border="0" cellpadding="0" cellspacing="3" width="100%"><tbody><tr><td id="msgUNsubj" valign="top">
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Coffeeshop Chit Chat - Grad in their 30s and 40s can't find job</td><td id="msgunetc" align="right" nowrap="nowrap">
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Subscribe </td></tr></tbody></table><table class="msgtable" cellpadding="0" cellspacing="0" width="96%"><tbody><tr><td class="msg" valign="top"><table border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr class="msghead"><td class="msgbfr1" width="1%"> </td><td><table border="0" cellpadding="0" cellspacing="0"><tbody><tr class="msghead"><td class="msgF" align="right" nowrap="nowrap" width="1%">From: </td><td class="msgFname" nowrap="nowrap" width="68%">kojakbt22 <nobr>
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</nobr> </td><td class="msgDate" align="right" nowrap="nowrap" width="30%">1:20 am </td></tr><tr class="msghead"><td class="msgT" align="right" height="20" nowrap="nowrap" width="1%">To: </td><td class="msgTname" nowrap="nowrap" width="68%">ALL <nobr></nobr></td><td class="msgNum" align="right" nowrap="nowrap"> (1 of 6) </td></tr></tbody></table></td></tr><tr><td class="msgleft" rowspan="4" width="1%"> </td><td class="wintiny" align="right" nowrap="nowrap">21055.1 </td></tr><tr><td height="8"></td></tr><tr><td class="msgtxt"><table border="0" cellpadding="0" cellspacing="0" width="100%"><tbody><tr><td>Rise in the chronic jobless
</td></tr><tr><td><!-- headline one : end --></td></tr><tr><td>Grads in their 30s and 40s and lowly-educated find it hard to get hired </td></tr><tr><td><!-- Author --></td></tr><tr><td class="padlrt8 georgia11 darkgrey bold" colspan="2">By Goh Chin Lian
</td></tr><tr><td><!-- show image if available --></td></tr></tbody></table>



<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPORE'S job market is stabilising after a wave of layoffs, but two groups continue to struggle to find jobs.
They are university graduates in their 30s and 40s, and the lowly-educated in their 40s.
Together, they formed the majority - eight in 10 - in a swelling rank of local residents who were chronically unemployed as of June this year.
These are people who, after 25 weeks of job-hunting, failed to find a job or preferred to wait for a better option.
These figures, when coupled with a record low rate of re-employment, send a sobering note of caution when interpreting the stable unemployment rate and fewer layoffs given in a Ministry of Manpower (MOM) report released yesterday.
The report provides finalised job market figures for the April to June period, including the first half.
In all, Singapore lost 13,900 jobs in the first half. This is 26 per cent fewer than MOM's estimate of 18,800 in July.
Looking ahead, Nanyang Technological University economist Choy Keen Meng sees the job market improving as the economy has been showing initial signs of a recovery in the past three to four months. Unemployment has stabilised, he added.
The latest MOM report shows unemployment stayed at 3.3 per cent as in the previous three months. At the same time, the resident unemployment rate fell from 4.8 per cent to 4.6 per cent.
But the reason for the decline, said MOM, is that many stopped seeking jobs to pursue courses, which means they are no longer counted as unemployed.
Other positive signs of an economic pick-up: Layoffs and premature release from contracts fell by more than half in the second quarter compared to the first three months.
Layoffs fell from 10,900 to 5,170, and early contract release, from 1,860 to 810.
Job vacancies, on the other hand, soared 17 per cent to 24,500.
Also, for the first time in six quarters, the ratio of job vacancies to unemployed people improved, from 31 to 33 openings for every 100 job-seekers.
Manpower Minister Gan Kim Yong told reporters during a factory visit yesterday that he expects fewer layoffs in the third quarter.
But it is not time to celebrate yet, he said.
'The outlook remains uncertain. The labour market is likely to remain weak for the rest of the year,' he said, pointing out that bosses are still cautious about hiring.
NTUC assistant secretary-general Ong Ye Kung expects the long-term unemployment rate - which rose to 1.3 per cent in June from 0.5 per cent a year ago - to worsen as job creation stagnates.
Job experts say jobless degree holders are finding it difficult to switch to a new industry or take a pay cut because of their hefty financial commitments.
Also, job openings tend to be more for junior and mid-level positions than senior posts normally held by degree holders, said assistant director Josh Goh of human resource firm The GMP Group.
Mr Ang Hin Kee, chief executive of the NTUC's Employment and Employability Institute, said some degree holders are still holding out for a better job, hoping the economic gloom will lift soon.
But the majority are willing to try something new, with many moving from IT, finance and electronics manufacturing to childcare and tourism.
He said: 'It's helpful to have a flexible mindset to take up new skills. Employers should also be more ready to consider those who make a mid-career switch.'


[email protected]

</td></tr><tr><td> </td></tr></tbody></table></td></tr></tbody></table>
 

Zelda

Alfrescian
Loyal
If you have high academic qualifications with managerial experience and applying for a low key job, employers are afraid to take you.
 

lifeafter41

Alfrescian (Inf)
Asset
SINGAPORE'S job market is stabilising after a wave of layoffs, but two groups continue to struggle to find jobs.
They are university graduates in their 30s and 40s, and the lowly-educated in their 40s.
Together, they formed the majority - eight in 10 - in a swelling rank of local residents who were chronically unemployed as of June this year.
These are people who, after 25 weeks of job-hunting, failed to find a job or preferred to wait for a better option.
These figures, when coupled with a record low rate of re-employment, send a sobering note of caution when interpreting the stable unemployment rate and fewer layoffs given in a Ministry of Manpower (MOM) report released yesterday.

What about driving taxi or becoming a bus drivers.
 

soIsee

Alfrescian
Loyal
>>>Job experts say jobless degree holders are finding it difficult to switch to a new industry or take a pay cut because of their hefty financial commitments.<<<

Prof-MahBowTan.gif



What hefty financial commitments?...I gave them the cheap ERPs and then the cheap HDBs, all due to my creative and innovative ideas, it just show these Sinkies are not 'innovative' enough! Chey! :biggrin:
 

annexa

Alfrescian
Loyal
SINGAPORE'S job market is stabilising after a wave of layoffs, but two groups continue to struggle to find jobs.
They are university graduates in their 30s and 40s, and the lowly-educated in their 40s.
Together, they formed the majority - eight in 10 - in a swelling rank of local residents who were chronically unemployed as of June this year.

How old are you when finish JC? 17? 18? 2 years NS, so you go University at 20 years old? University is how long? 3years? 4 years? So you finish University at 23? 24?

At 30 you cannot find job. So you can work only for 6-7 years. 6-7 years gahmen bring in FT to lower your pay.

Haha Sinkies are so clever. I now know why LHL is worried enough to say reduce FT come in.

But I may be wrong.

Last time let in 1,000 now let in 999 is also "slow down" and "reduce" FT come in. Let's see what % vote LHL will get next erection. Hahaha
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Being a "grad" is no big deal in this day and age. Most of them deserve to be unemployed. They're lazy, they lack creativity and add no value whatsoever to any organisation.

Any graduate who is worth his/her salt won't be job hunting in the current environment. They'll be out there creating jobs for others instead.
 

johnny333

Alfrescian (Inf)
Asset
Last time let in 1,000 now let in 999 is also "slow down" and "reduce" FT come in. Let's see what % vote LHL will get next erection. Hahaha


The lack of votes has never stopped the PAP in the past. Just take a look at the "fixed" electoral boundaries. The sad reality is that only a tiny minority of the population actually gey to vote :rolleyes:
 

singveld

Alfrescian (Inf)
Asset
the pap intro of cheap grad FT totally kill the 30's and 40's grad.

i hope these grad all pap supporters

if not how they going to accept the status quo?

2.5 yrs NS, borrow money to go study oversea. now cheap FT taken their jobs, this is a sinkies men story, can make a movie.
 

fox_hound_33

Alfrescian
Loyal
Being a "grad" is no big deal in this day and age. Most of them deserve to be unemployed. They're lazy, they lack creativity and add no value whatsoever to any organisation.

Any graduate who is worth his/her salt won't be job hunting in the current environment. They'll be out there creating jobs for others instead.

well, if every grad out there is creating jobs...who the hell are they creating jobs for???
 

Meltdown

Alfrescian
Loyal
Being a "grad" is no big deal in this day and age. Most of them deserve to be unemployed. They're lazy, they lack creativity and add no value whatsoever to any organisation.

Any graduate who is worth his/her salt won't be job hunting in the current environment. They'll be out there creating jobs for others instead.

Can't agree w/ you more.

A Bachelor's Degree is BS!

A Masters Degree is More S!

Nobody owes those unemployable grads in their 30's & 40's a living in today's globalized free trade economy.
 

johnny333

Alfrescian (Inf)
Asset
Nobody owes those unemployable grads in their 30's & 40's a living in today's globalized free trade economy.


These people are not the elites, thats why they are facing unemployment. I see them as victims of the PAPs propaganda of upgrading themselves.

Even now the PAP is telling people to upgrade. Whats the point when its all about cheap labor :confused:


Sporeans should use their vote to upgrade the gov't, to replace the PAP with something better. Only then will we see real improvements :rolleyes:
 
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