22-02-2024, 10:30 AM
(22-02-2024, 09:51 AM)Levin Wrote: Not just Singapore. The world needs a more accurate measurement but it is very difficult to get one as it is extremely laborious.
In S'pore, if one is still unemployed 6 months after being laid off, he is considered retired or no longer interested in re-joining the workforce. We know that a PME older than 45 years of age may take up to 2 or more years to land another job that is comparable to the one he lost, so 6 months is far too short a time period to label someone as no longer interested in looking for a job, and remove him from the list of unemployed.