More than four million people around the world stopped looking for jobs last year, according to the International Labour Organization (ILO).
The proportion of discouraged workers – who would rather be working but couldn’t find jobs – was particularly high in Singapore, as this chart shows. It’s taken from the ILO’s newly released World of Work 2010 report, a labour market study from 2009 till the first quarter of 2010. The chart is taken from the full report, which can be found here on the ILO website.
While the number of unemployed people in Singapore is small, those out of work are having a harder time finding new jobs than in 2007 and 2008, according to data from the Ministry of Manpower. You can see the figures at the end of this post.