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It’s not ‘no way back’ after losing your job
« on: November 05, 2017, 01:37:19 pm »
SINGAPORE  — The job market situation seems to be improving, based on recently released official statistics showing lower overall unemployment rate and  no increase in retrenchments.

Beneath a rosy-looking picture, however, about 85,000 residents here are still out of work and more than 14,000 are likely to be retrenched in the next year.

While the manufacturing sector was hardest-hit, even companies such as Singapore Airlines have said they may need to lay off workers.

Meanwhile, re-entry into employment dropped from about 72 per cent in 2015 to about 65 per cent last year, with workers over 50 having the  hardest time finding new jobs.

People generally do not think about the possibility of losing their jobs or being out of work for very long.
It is important to know what it takes to be prepared for such a scenario, though, in case it happens.
The most important is to have a cash reserve equal to at least six  months of your salary, so you can at least cover normal living expenses.

More at https://www.prolificskins.com/forum/current-affairs/it-s-not-no-way-back-after-losing-your-job



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Re: It’s not ‘no way back’ after losing your job
« Reply #1 on: November 05, 2017, 04:58:51 pm »
At 50yrs old, you need to have a few additional income streams to tide you over .... don't always think of enjoy enjoy at KTV and clubbing larrrr .... WLE .... SMH .. :-[
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."