Unemployment

HOW MANY JOBS ACTUALLY WENT TO UNEMPLOYED BORN AND BRED SINGAPOREANS?

In 2016, employment growth was 10,700 for locals and 5,700 for foreigners. In 2015, employment growth was 700 for locals and 31,600 for foreigners. About 35 per cent (estimated) of the total undergraduate and graduate student enrollment in our public universities are non-Singaporeans. Most of the foreign students are required to stay and work after their graduation for at least three years.

Why do we allow practically anyone in the world to come as tourists – apply for jobs and stay when they find one? On the average – 30,000 new permanent residents (PRs) and new citizens have been granted per year.

If it is still the average of 20,000 new citizens and 30,000 new PRs a year – does it mean that the estimated number of new citizens and new PRs granted from 2007 to 2016, may be about 194,000 and 409,000, respectively? As there were only 10,700 locals’ jobs’ growth last year – if the new PRs and new citizens granted last year was also about 30,000 and 20,000, respectively – how many of the 10,700 locals’ jobs went to Singaporeans?

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LIM SWEE SAY SAYS: UNEMPLOYMENT TO RISE BUT WE'LL EMERGE STRONGER

Manpower Minister Lim Swee Say has said that we will experience a rise in unemployment rate. In his May Day message, he said some sectors are still struggling with structural changes and would need more time to get through this stressful period.

Although the unemployment rate for Singaporean workers rose to 3% last year, Mr Lim told people not to worry as he is sure the economy is still growing.

He said while there is no shortcut to success, he is convinced that we will emerge stronger from this as long as employers and workers are faster in coping with challenges and adjusting to new environments.

Don't say metal rice bowl, got wooden rice bowl must be happy already.

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ECONOMIST SAYS 10.9% YOUTH UNEMPLOYED IN SG, MOM SAYS ONLY 6.7%

Youth unemployment is a problem for any country, which is why governments try their best to keep such figures to a minimum. So it comes as a shock when according to the Economist Intelligence Unit (EIU), the latest youth unemployment rate in Singapore is at 10.9%. That puts Singapore on par with South Korea.

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