Their jobless rate halves in a year, while graduates see little change
Diploma holders are far more successful, so much so that their jobless rate registered the biggest drop among workers of different educational backgrounds. --ST FILE PHOTO
THE strong economic recovery has produced more jobs than initially estimated but most are not going to degree holders.
Diploma holders, on the other hand, are far more successful, so much so that their jobless rate registered the biggest drop among workers of different educational backgrounds.
It halved, from 4.1 per cent during the recession in March last year to 2.1 per cent a year later, according to the Ministry of Manpower's (MOM) job report for the first quarter.
In contrast, the jobless rate for graduates in the same period barely improved, slipping from 3 per cent to 2.8 per cent.
The report released yesterday gives the final figures for the first three months this year, when the economy grew by 15.5 per cent over the same period last year.
But what makes diploma holders so much more attractive to employers?
Read the full story in Wednesday's edition of the Straits Times.
- wong chee tat :)
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