Tag Archives: Unemployment

MOM: RETRENCHMENT IN S’PORE – HIGHEST IN 7 YEARS

In the first nine months of 2016, 13,730 workers were laid off, higher than the same period in 2015 (10,220) and the highest since 2009 (21,210). However, re-entry rates have risen. More residents (49%) made redundant in the second quarter of 2016 secured re-employment by September 2016, an increase from the previous quarter (45%), after a general downtrend since December 2014 (59%).

Read More »

ALMOST ZERO JOBS CREATED FOR LOCALS IN 2015

Did you hear about that friend who wanted to get a new job but he simply could not even though he sent his resume out many times? This chart should explain why. Employment growth not only took a steep decline in 2015, there was almost zero new jobs was for the locals.

Read More »

9 UNEMPLOYED S’POREANS FOR EVERY UNEMPLOYED SPR & FOREIGNER?

As to “There were 3,644,000 persons in employment in September 2015 … An estimated 56,600 residents, including 51,100 Singapore citizens were unemployed in September 2015. The seasonally adjusted figures were 66,800 for residents and 59,800 for citizens” – I estimate the unemployment rate for PRs and foreigners to be 2.35% and 0.4% respectively. I also estimate that the number of unemployed foreigners and PRs was only 6,080 and 7,000 respectively, compared to 59,800 citizens. In other words, does it mean that for every unemployed PR or foreigner, there were about 9 unemployed Singaporeans?

Read More »

UNEMPLOYMENT FOR S’POREANS ROSE IN 2ND QUARTER TO 3%

The Ministry of Manpower (MOM) announced unemployment for Singaporeans and SPR rose for the 2nd quarter in a row on the back of weak economic growth due to the sluggish global economy. The adjusted unemployment rate for citizens and SPR was 3% up from the 2.5% in March. This is the highest unemployment rate since 2010.

Read More »

UNEMPLOYMENT RATE RISES, HOW MANY S’POREANS ARE BADLY AFFECTED?

According to the Straits Times news report “Employment growth rebounds in second quarter but unemployment rises” (Jul 30) – “Unemployment rose after trending down over the past 12 months. The seasonally-adjusted rate was 2 per cent overall, from 1.8 per cent in the first quarter of the year. The rate for citizens 2.9 per cent, or 56,100 people.”

Read More »

UNEMPLOYMENT RATE IN S’PORE NOW AT 2%

According to the Ministry of Manpower (MOM) today, Singapore’s unemployment rate went up in the second quarter of 2015, after declining for the past four quarters. The unemployment rate rose to 2 per cent in June, up from 1.8 per cent in March, due to "softer economic conditions".

Read More »