Sammyboy RSS Feed
30-07-2015, 12:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.tremeritus.com/2015/07/29...affected-most/ (http://www.tremeritus.com/2015/07/29/employment-drops-1st-time-in-5-years-s%e2%80%99poreans-affected-most/)
Employment drops 1st time in 5 years: S’poreans affected
most?
http://www.tremeritus.org/simages/dmca_protected_sml_120n.png?0f3d89 http://www.tremeritus.com/wp-content/themes/WP_010/images/PostDateIcon.png?0f3d89
July 29th, 2015 | http://www.tremeritus.com/wp-content/themes/WP_010/images/PostAuthorIcon.png?0f3d89
Author: Contributions (http://www.tremeritus.com/author/contributor/)
http://www.tremeritus.org/wp-content/uploads/2015/06/xiao_0839.jpg?0f3d89
Total employment shrinks for 1st time in 5 years
According to the Straits Times news report “Total
employment shrinks for first time in 5 years: quarterly MOM report (http://www.straitstimes.com/news/singapore/more-singapore-stories/story/total-employment-contracts-first-time-5-years-quarterly-)”
(Jun 15) – “The number of people employed in Singapore tumbled by 6,100 in the
first quarter of the year, the first time in five years that employment has
contracted.
Total employment, at 3,617,800 in March, was still 2.7 per cent higher than a
year ago, according to official quarterly figures released by the Manpower
Ministry (MOM) on Monday.”
No breakdown into S’poreans, PRs & foreigners
Why is there no breakdown of the decrease in total employment into
Singaporeans, permanent residents (PRs) and foreigners?
Are Singaporeans more affected by the shrinkage?
As to “despite this, unemployment continued to fall, with the
seasonally-adjusted rate down to 1.8 per cent overall, from 1.9 per cent in the
fourth quarter of last year. The rate for citizens also creeped down to 2.6 per
cent, or around 47,800 people, from 2.7 per cent in the previous quarter” – the
unemployment rates have always been published as that for Singaporeans,
residents (Singaporeans and PRs) and the overall workforce (including foreign
workers).
Should disclose unemployment rates of citizens, PRs & foreign
workers
From the available data in the Labour
Market first quarter 2015 report (http://stats.mom.gov.sg/Pages/Labour-Market-Report-1Q-2015.aspx) released on 15 June – on the number
of unemployed residents and Singaporeans, and the total workforce – I have been
able to derive estimates of the unemployment rate as of March 2015, for PRs and
foreign workers.
Singaporeans have a much higher unemployment rate
They are 2.0 and 0.7 per cent respectively.
Contrast this to the published unemployment rates of 2.6, 2.5 and 1.8 per
cent for Singaporeans, PRs and the overall (workforce) respectively.
What is perhaps interesting to note is that the decrease in the unemployment
rate was the worse for Singaporeans, from 2.7 to 2.6 per cent, compared to 2.7
to 2.5 per cent for residents.
So, are Singaporeans more affected by the shrinkage in total employment,
relative to PRs and foreigners?
Long-term unemployed – degree workers worse off
For the 11,200 long-term unemployed for more than 25 weeks – degree holders
were the only education category which saw an increase from 0.5 to 0.7 per cent,
from December 2014 to March 2015.
Re-entry into employment – degree holders worse off
Degree holders also had the lowest rate of re-entry into employment,
declining from 48.6 to 46.2 per cent.
Perhaps this may have something to do with the rhetoric that a degree is not
so important!
Redundancy – PMETs worse off
For those made redundant – PMETs were the highest at 72 per
cent.
Win battles lose
war
* Submitted by TRE reader.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?211493-Employment-drops-1st-time-in-5-years-S’poreans-affected-most&goto=newpost).
http://www.tremeritus.com/2015/07/29...affected-most/ (http://www.tremeritus.com/2015/07/29/employment-drops-1st-time-in-5-years-s%e2%80%99poreans-affected-most/)
Employment drops 1st time in 5 years: S’poreans affected
most?
http://www.tremeritus.org/simages/dmca_protected_sml_120n.png?0f3d89 http://www.tremeritus.com/wp-content/themes/WP_010/images/PostDateIcon.png?0f3d89
July 29th, 2015 | http://www.tremeritus.com/wp-content/themes/WP_010/images/PostAuthorIcon.png?0f3d89
Author: Contributions (http://www.tremeritus.com/author/contributor/)
http://www.tremeritus.org/wp-content/uploads/2015/06/xiao_0839.jpg?0f3d89
Total employment shrinks for 1st time in 5 years
According to the Straits Times news report “Total
employment shrinks for first time in 5 years: quarterly MOM report (http://www.straitstimes.com/news/singapore/more-singapore-stories/story/total-employment-contracts-first-time-5-years-quarterly-)”
(Jun 15) – “The number of people employed in Singapore tumbled by 6,100 in the
first quarter of the year, the first time in five years that employment has
contracted.
Total employment, at 3,617,800 in March, was still 2.7 per cent higher than a
year ago, according to official quarterly figures released by the Manpower
Ministry (MOM) on Monday.”
No breakdown into S’poreans, PRs & foreigners
Why is there no breakdown of the decrease in total employment into
Singaporeans, permanent residents (PRs) and foreigners?
Are Singaporeans more affected by the shrinkage?
As to “despite this, unemployment continued to fall, with the
seasonally-adjusted rate down to 1.8 per cent overall, from 1.9 per cent in the
fourth quarter of last year. The rate for citizens also creeped down to 2.6 per
cent, or around 47,800 people, from 2.7 per cent in the previous quarter” – the
unemployment rates have always been published as that for Singaporeans,
residents (Singaporeans and PRs) and the overall workforce (including foreign
workers).
Should disclose unemployment rates of citizens, PRs & foreign
workers
From the available data in the Labour
Market first quarter 2015 report (http://stats.mom.gov.sg/Pages/Labour-Market-Report-1Q-2015.aspx) released on 15 June – on the number
of unemployed residents and Singaporeans, and the total workforce – I have been
able to derive estimates of the unemployment rate as of March 2015, for PRs and
foreign workers.
Singaporeans have a much higher unemployment rate
They are 2.0 and 0.7 per cent respectively.
Contrast this to the published unemployment rates of 2.6, 2.5 and 1.8 per
cent for Singaporeans, PRs and the overall (workforce) respectively.
What is perhaps interesting to note is that the decrease in the unemployment
rate was the worse for Singaporeans, from 2.7 to 2.6 per cent, compared to 2.7
to 2.5 per cent for residents.
So, are Singaporeans more affected by the shrinkage in total employment,
relative to PRs and foreigners?
Long-term unemployed – degree workers worse off
For the 11,200 long-term unemployed for more than 25 weeks – degree holders
were the only education category which saw an increase from 0.5 to 0.7 per cent,
from December 2014 to March 2015.
Re-entry into employment – degree holders worse off
Degree holders also had the lowest rate of re-entry into employment,
declining from 48.6 to 46.2 per cent.
Perhaps this may have something to do with the rhetoric that a degree is not
so important!
Redundancy – PMETs worse off
For those made redundant – PMETs were the highest at 72 per
cent.
Win battles lose
war
* Submitted by TRE reader.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?211493-Employment-drops-1st-time-in-5-years-S’poreans-affected-most&goto=newpost).