THE average degree holder struggled to find a new job within a year of being let go.
Only 62 per cent of them were in a new position within 12 months of losing their job last year, according to Manpower Ministry statistics released last month.
This is compared to the next lowest rate of 65 per cent for workers with polytechnic diplomas and professional qualifications, and the highest of 71 per cent for those with secondary qualifications.
Degree holders have had the lowest rate since 2011.
Human resource experts attribute this to the longer time taken for higher skilled workers to settle on a new job that matches their salary and role expectations.
"Degree holders may be quite particular about the jobs they go into, and may be more ambitious and willing to wait for a good opportunity," said recruitment company Adecco's marketing manager Shirin Aziz.
But it may not mean the hiring situation is in the doldrums. Mr Paul Heng, managing director of the NeXT Career Consulting Group, said that some graduates may have chosen to leave the corporate world and attempt another route, like self-employment.