Singapore's youth unemployment rate is one of the lowest in the world at 6.7 per cent, Acting Minister for Manpower Tan Chuan-Jin said yesterday.
In comparison, six out of 10 graduates in Greece remain out of a job for months and in Taiwan, the youth unemployment rate stands at 13 per cent, he added, citing the respective government statistics.
The minister also said that most tertiary graduates receive "quality job offers" within six months.
Mr Tan revealed the Ministry of Manpower youth unemployment statistic at the graduation ceremony for 405 students from Republic Polytechnic (RP).
In a speech, he assured them that the Government would continue to provide people with good employment opportunities.
Mr Tan said the low youth unemployment figures showed Singapore is in a "good situation".
He added: "We hope to maintain it that way, keeping the labour market tight to make sure that it continues to be sufficiently attractive and growing in a sustainable way."
Mr Tan encouraged the graduates to continue learning and tap resources to upgrade their skills, even after entering the workforce.
Labour MP Ang Hin Kee told The Straits Times there are several reasons why polytechnic graduates can find jobs easily here.
"They have the right skills. Their vocation-specific training is very much relevant to the workplace. We have a vibrant economy that is expanding in many sectors and polytechnics are crafting courses to meet those demands."
Courses in nursing, childcare, hospitality, information technology, media and sports and events management are among those meeting industry needs, he added.
"I've heard that childcare teachers from polytechnics are all snapped up very fast," said Mr Ang. The former chief executive of the National Trades Union Congress' Employment and Employability Institute also noted that young graduates are "very versatile and well acquainted with different cultures".
A total of 4,060 RP students from 35 diploma programmes will graduate this year.
Mr Benny Yip, 26, one of the 54 health management and promotion graduates, chose the new course as it was "relevant to Singapore's population needs".
Some 145 students will be graduating from RP's new diploma courses, which include renewable energy engineering and wellness, lifestyle and spa management.