# data[].attributes.body
Enhance skillset through  education and training. Eg. Encourage upgrading of  skillset (e.g.: Singapore -  SkillsFuture credit) or SkillsFuture Earn and  Learn Programme

# data[].attributes.body
Tax incentives or  government grants to attract  multi-national companies to  set up operations in the  country. Eg. Government subsidy

# data[].attributes.headline
Enhance the availability of  Information

# data[].attributes.subject
Enhance the availability of  Information

# data[].attributes.body
Provide platforms which job  seekers can find information  of vacancy. Eg. Career Fairs, Jobs Portal (JobsDB,  Monsters)

# data[].attributes.body
--> Full employment means that the economy is using all its  existing resources to produce at its potential GDP.

--> When an economy is operating at the full employment level,  there is NO cyclical unemployment.

--> However, there will ALWAYS be some frictional and  structural unemployment even when the economy is at its full  employment. (i.e.: At full employment, unemployment rate ≠  0%)

-->This level of unemployment is also known as the Natural  Rate of Unemployment

# data[].attributes.body
--> Underutilizing of  resources
--> Decline in  consumption,  investment
--> Loss of income  tax revenue

# data[].attributes.body
--> Loss of Income
--> Loss of Skills
--> Psychological Stress

# data[].attributes.body
--> Excludes discouraged people who have been unemployed for a  long time and have given up search for work

--> Excludes underemployed : part-timers who would like to be  employed full-time & people working in jobs for which they  are greatly over-qualified

--> Does not indicate natural unemployment – frictional and  structural

--> Does not indicate productivity of labour

--> Does not indicate how long workers are unemployed

# data[].attributes.body
Caused by routine changes  in the demand for certain  kinds of labour.

# data[].attributes.body
Caused by search time  required by workers to enter  or change jobs

# data[].attributes.body
Caused by mismatch of  skills of worker required for  jobs

# data[].attributes.body
Caused by lack of demand  of goods & service during  economic slowdown

# data[].attributes.body
Non-wage factors affecting labour  supply will cause a shift of the labour  supply curve.

--> As the population increases, the supply of labour increases (rightward  shift of labour supply curve)

--> With a changing attitude towards work and more childcare options  available, more women are choosing  to work instead of being stay-at-home  mothers, resulting in a rise in the labour supply (rightward shift of labour  supply curve)

# data[].attributes.body
Non-wage factors affecting labour  demand will cause a shift of the labour  demand curve.

--> A rise in the level of consumer  demand means that a business needs to take on more workers (rightward shift of labour demand  curve)

--> During a recession or a slowdown, the aggregate demand for labour will  decline as businesses look to cut  their operations costs and scale back on production (leftward shift of labour  demand curve)

# data[].attributes.body
It refers to the supply of and  demand for labour where employees who are willing  and able to work constitute the labour supply while  employers who are providing the jobs make up the  labour demand

# data[].attributes.body
--> The extent to which people who want jobs but  cannot find them.

# data[].attributes.headline
Economic Indicators: Labour Force Participation Rate

# data[].attributes.subject
Economic Indicators: Labour Force Participation Rate

# data[].attributes.body
--> Willingness of people of working age to  take jobs.

# data[].attributes.body
--> Working Age  Singapore (15 years  old and above)

--> Labour Force: Those who are employed or  willing, able and actively  seeking jobs

--> Not in Labour Force: Housewives, discouraged workers,  retirees

# data[].attributes.body
--> when the number of workers who are able and  willing to work EXCEEDS the number of jobs  available.

--> When the supply of labour EXCEEDS the  demand for labour in the labour market.