DESPITE the economic downturn, older Singapore residents aged 55 to 64 still managed to stay in the labour force at the record high level of 2008 as at June this year.
According to the Labour Force Survey carried out in mid-2009 by the Ministry of Manpower's Research and Statistics Department, 57.2 per cent of them were still working.
The rate for older men, in fact, rose from 73.6 per cent in 2008 to a new high of 74.7 per cent in June, offsetting the slight drop for older women from 40.5 per cent to 40.1 per cent.
The rate for older men in Singapore was also one of the highest internationally,' said the Ministry of Manpower in a statement on Monday.
'On the other hand, the employment rate among females in Singapore generally lagged those in developed countries such as Sweden, the Netherlands, the United Kingdom and the United States.'
- The Straits Times
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