Which types of unemployment could not have been prevented even if Singapores economy did not slow down
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Which types of unemployment could not have been prevented even if Singapore’s economy did not slow down and the labor market was working properly?
Singapore has been facing increasing unemployment due to a slowdown in economic growth and disruptive technological advances. However, officials are more worried about the latter, which is widening the gap between skills employees have and skills employers need. Employers are laying off employees due to the slowing economy and, at the same time, struggling to fill positions.
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