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## Attaching package: 'dplyr'
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R Markdown Report

This is a sample report on the trends of unemployment in Singapore. We will try to determine the current employment siutation in Singapore based on data obtained from the government database

Describing the data set

For the report, the two data sets are the report on job vacancies in three sectors in Singapore and the ratio of vacancies to unemployment. The data contains job vacancies From the dataset, we have a total of 381 values. The headers are quarter, occupation, job_vacancy.

Overview of data

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Based on the graph, we can notice that for the job vacancies there is a general decrease in vacancies in clerical and production work, with an increase of professional roles. Thus could suggest a shift in industries in Singapore, leading to a change in workers demand.

We notice that at the end of the graph, we have a large uptick, we will seek to find out more on the reason behind it. I will be focusing more on the professional workers since that has the greatest variation from visual observation.

Close up analysis for more recent time period between 2010 to 2021 for the professional catergory.

We notice that there is a significant uptick starting in 2020 Q4. We consider possible explanations. Straits Times article This suggests that it is likely due to border restrictions resulting in less foreign talents to meet the industry demands. Another factor for considering a sudden increase in vacancies could be a large number of people changing their jobs at the same time, thus resulting in a large number of unemployed. ## Exploring unemployment rates

More data was gathered from here to observe unemployment rates in Singapore. We shall also seek to determine the severity of the situation using the ratio of job vacancies to those that are unemployed dataset

Firstly for the vacancies to unemployment rate

Observation

The graph shows that from 2020 Q2 , there has been an increase in vacancies for those that are unemployed, crossing the 1.0 in Q1 2021.

Possible Consequence

This suggests that it could be an issue since there are now more vacancies that those that are unemployed. Without sufficient workers, companies might have to raise salaries to encourage workers, making Singapore a less attractive country to set up shop in. A link to an article showing a 31% drop in Business Investment in Singapore in 2021

Observing Unemployment rate

Unemployment Rate Observation

This further suggests that the job vacancies are not due to Singaporean residents seeking to change their industry as from 2020Q3 the unemployment rate has decreased dramatically. Yet job vacancies are still increasing drastically. The unemployment rate peaked in 2020-Q3 at 4.9% Thus another reason should be explored