Underemployment a bigger issue than unemployment: economists
Those underemployed in jobs not matching their skills will find it tough to find desired, better-paying jobs later
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IF December's data is any indicator, Singapore's labour market appears to be on the mend, but economists warn that underemployment - rather than unemployment - could be the bigger issue this recession.
Overall unemployment rate fell for the second straight month in December, coming in at 3.2 per cent, but Walter Theseira, an economist at the Singapore University of Social Sciences, believes one reason is that "a lot of people have decided to settle for any kind of job for the moment".
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
