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About half of fresh graduates polled here are unemployed. If you are a male fresh graduate affected by the recession, you should consider joining the Singapore Armed Forces.
As reported in ST today, a lieutenant-colonel retiring at age 45 (the current retirement age) will get about $700,000 in gratuity. Such lump sum payments make it attractive [...]
The mainstream media is apparently telling us that business degrees are no longer in demand. We are told a law degree can command a salary as high as $8,500 while arts and science courses are getting popular now.
On the front page of yesterday’s Business Times printed edition:
“Trainee lawyer bags $8,500 monthly pay
Foreign law firm pays [...]
In the graduate employment survey conducted by Salary.sg, 45% of the respondents indicated that they are without jobs.
In this jobless group, 60% are actively looking for a job, while the remaining are not.
The poll was conducted over about 10 days with a better-than-expected 439 responses.
As for the 55% (or so) with jobs, the median income [...]
Read the full article at Our Poll Results: 45% Fresh Graduates JoblessI have spoken to a number of fresh graduates. What they told me about the employment situation is disturbing.
The recent graduate employment surveys simply do not reflect the sad state of affairs.
And being flexible about salary doesn’t really seem to help.
If you graduated late last year, or are about to graduate in a couple of [...]
If you believe the annual graduate employment survey reports (I don’t quite), here are the rankings for the class of 2008:
Permanent Employment Rate
NTU Arts (with Education) – 100%
NTU Maritime Studies – 100%
NTU Science (with Education) – 100%
NUS Dental Surgery – 100%
NUS Information Systems – 100%
SMU Information Systems Management (cum laude and above) – 100%
SMU Economics [...]
Did you notice from the newspaper reports and MOM data that our latest residential unemployment rate is 3.7%, which in my opinion is significantly higher than the overall unemployment rate at 2.6%?
If fact, if you study the MOM data, it has always been higher.
Why is this the case?
The only reason I can think of is [...]
The resident unemployment rate stood at 3.3% last September, according to MOM’s press release.
With 65,400 residents unemployed, the jobless rate is the highest since the 3.8% registered in March last year.
It seems MOM is still compiling the statistics for the fourth quarter – why is it taking so long when Hong Kong and Australia could [...]
The writings are already on the wall. Today newspaper reported a fortnight ago that retrenchments will “go up” after Chinese New Year.
In TV news just now, it’s said again that there will be more retrenchments toward the end of this month, with more cuts targeted at white collar workers in the manufacturing sector.
Yet, our lovable [...]
Some wise words from Richard Hartung, a former banker who wrote a piece for Weekend Today. The following is (apparently) only available in the printed edition of this weekend’s Today:
“The market will reprice itself… A boom tends to over-reward everybody as young executives rush in to become investment bankers, private bankers, property agents, stockbrokers, remisiers, [...]
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