, Singapore

Chart of the Day: Unemployment rate higher for lower-skilled workers

Lower-skilled Singaporeans are less internationally mobile and will be more affected when growth slows.

The Ministry of Trade and Industry reported:

Of particular concern are lower-skilled Singaporeans, who are less internationally mobile and will be more affected when growth slows.

Evidence elsewhere in the world suggests that lower-skilled workers, who are typically more poorly educated and draw lower wages, tend to have the highest rate of unemployment during periods of slow growth.

This has also been Singapore’s experience.

International studies further note that such workers are likely to face financial difficulties when they are retrenched, as they have a smaller savings buffer to fall back on during spells of unemployment.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.