The result of Asia’s unemployment file differs from each country according to an independent survey and government statistical data.
Singapore’s youth unemployment rate is one of the world’s lowest, says Acting Minister for Manpower Tan Chuan-Jin. The rate is currently at 6.7 per cent, and most tertiary graduates receive quality job offers within six months.
In comparison, six out of 10 graduates in Greece remain unemployed for months, and in Taiwan, the youth unemployment rate stands at 13 per cent.
Brunei continues to face unemployment troubles despite numerous vacancies in the private sector, said the home affairs minister yesterday.
The minister said just under 130 out of 608 applicants gained employment at the first Brunei Mini Job Fair in May, while there were up to 1,593 jobs being offered in the private sector.
It is claimed the dismal figures were due to jobseekers lacking the required academic qualifications or experience. The situation was exacerbated by suitably qualified applicants turning down job offers, citing unsatisfactory pay and working conditions.
The Philippines unemployment rate highest in East Asia, according to the independent research group IBON, which estimates the number of unemployed and underemployed increased to 11.9 million in 2012.
“This pegs the government unemployment figure for 2012 at 7.0 percent, making the Philippines the country which has the highest unemployment rate in East Asia: other rates are Thailand (0.6 percent), Singapore (1.7 percent), Malaysia (3.0 percent), Korea (3.0 percent), China (4.1 percent, Taiwan (4.3 percent), Vietnam (4.4 percent), and Indonesia (6.5 percent)”, the survey said.
In South Korea the unemployment rate was unchanged at 3.2 percent in July according to an AFP report. Statistics, Korea said Wednesday, after new employment openings in education and social services offset losses in the manufacturing sector. The seasonally adjusted jobless rate has remained constant at 3.2 percent for three months in a row.