True or false - if you unemployed for more than 6 months, you will no longer be counted as part of unemployed statistics?

[LonelyUncle]

A colleague who studied economics was talking about this today. I don't know if he is bluffing. I know there are people who have been searching for jobs for over a year. If they are not counted as unemployed then I don't trust the reported numbers.

 

[Pyromaster]

I havent trusted anything from local media n news outlets for years already

 

[lifeisinforashock]

No time frame if 21yo-55yo.

 

[treeskull]

Statistics is carefully curated and published in sinkieland

 

[wongwings]

Your friend is right, majority of the population is not aware. The statistics always paint a rosy picture.

 

[Braun8]

A colleague who studied economics was talking about this today. I don't know if he is bluffing. I know there are people who have been searching for jobs for over a year. If they are not counted as unemployed then I don't trust the reported numbers.

now you know why SG unemployment rate is so low

 

[fs_lim]

A colleague who studied economics was talking about this today. I don't know if he is bluffing. I know there are people who have been searching for jobs for over a year. If they are not counted as unemployed then I don't trust the reported numbers.

If not working and no longer looking for job for more than certain period of time, these are considered discouraged workers and not counted into unemployment rate.
But not sure if sinkieland practice this or not.

 

[bukeyisucker]

> 6 months jobless = economically unavailable

 

[Akky85]

''Voluntary'' retirement LUL

That's what Singapore calls this cat of ppl i believe.

 

[FinchGuy]

True. Grab and food delivery also considered employed. NSmen too

 

[wickedpuppy]

A colleague who studied economics was talking about this today. I don't know if he is bluffing. I know there are people who have been searching for jobs for over a year. If they are not counted as unemployed then I don't trust the reported numbers.

It's been well-known on EDMW for years BTW....

 

[AuraKUPO]

Structural unemployment. Every countries are using this economic formula.

 

[osirisx]

Is called voluntary retired.... Not involuntarily

 

[Mechafanboy]

A better indicator would be labor participation rate. I think sinkieland is around 70%, 70% of adults are working which is quite a high percentile but that could also be driven by high cost of living, forcing people out of retirement.

 

[tatsit]

Yes, it is true

 

[dambio]

''Voluntary'' retirement LUL

That's what Singapore calls this cat of ppl i believe.

Wat a nice way to put it

 

[maxmike]

Why you so slow? it was highlighted in EDMW few years back.

 

[pizza235]

very true

so technically only about 0.5% is unemployed
if u are above 40 but jobless for long time, u r retired
if u fresh graduate and graduated alr but haven't found job, u r still studying
if u r 30s plus, u r taking a short break

 

[nonameless]

If no ft come in, 80% sgrean more than 6mth no work ... Not sure got how they calculate or term it if sg in downfall.

 

[Ironside]

Best not to speculate. Check with Tan See Leng.