Is unemployment rate really going down ?
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If I remember correctly about that incident, the professors even got their stats and data from the MOM website. Like that also kena whacked.Originally posted by 3Rabbits:Not forgetting the uproar over the intepretation of a set of employment statistic by the minister for manpower and 2 university professors!
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pinch of salt not enough, a bucketful maybe.
statistics can be massaged to tell any story you want. and we really have no idea how they came up with those figures, the type of sampling used etc. the true story we can see with our own eyes. -
Unemployment rate going down = BS
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luckily they had the backing of Prof Lim Chong Yah, the father-in-law of 2nd prince, if not they could be sacked.Originally posted by charlize:If I remember correctly about that incident, the professors even got their stats and data from the MOM website. Like that also kena whacked. -
Interesting, I did not know this.Originally posted by pearlie27:luckily they had the backing of Prof Lim Chong Yah, the father-in-law of 2nd prince, if not they could be sacked. -
I've seen a lot of prc working in the IT sector. Students studying IT usually don't get a job in the IT Sector. That's because lots of foreigners dominating that sector. IT sector in Singapore is infested with people from India and China. Lots of foreigner also aiming to attack other expertise relating to Legal aid and also food and beverage. While Singaporean staying at home praying for job. It's time to stand up and show what we singaporeans can do and chase foreign talents out.
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For many years the government has been over-emphasising on academic education under its meritocracy policy with a somewhat total disregard as to the future employment prospect of the educated population.Originally posted by bila_prem:I've seen a lot of prc working in the IT sector. Students studying IT usually don't get a job in the IT Sector. That's because lots of foreigners dominating that sector. IT sector in Singapore is infested with people from India and China. Lots of foreigner also aiming to attack other expertise relating to Legal aid and also food and beverage. While Singaporean staying at home praying for job. It's time to stand up and show what we singaporeans can do and chase foreign talents out.
Other countries like Finland and Denmark etc took a different approach. They emphasised on broad-based practical education so that students will be well prepared and be fit to meet the actual skills and practical knowledge demanded in the actual work place when they graduated.
From 2001, I have posted as many as twenty feedbacks to the Feedback Unit on the danger of over-producing academic graduates and told them that their academic education system will produce a lot of educated unemployed of the future who only possess academic degree without the practical applications capability to meet actual work demands in the work places.
The new Education Minister might have made some changes but essentially the courses and teaching are still very conceptual and not applications in content.
Unless the past meritocracy policy is changed drastically it may cause neglect in developing broad-based practical education. We are now seeing many graduates unemployed because they are not practical applicator and need to receive further adaptation and on-the-job training or re-training and employers generally do not have the patience to train them as it will be costly to do so.
It is because essentially our leaders are not adept in keeping up with the time and changes that we have to experience such problems. If only they listen to feedbacks years back such a problem could have been solved earlier. -
I'm just curious......what you study in NUS for your Bach and Msc?Originally posted by shouyi:Hi,
it is reported in newspaper that the umemployment rate is going down. I am really taking it with a pinch of salt. After graduating from NUS with a MS.c degree, I have been through more than 20 interviews since May 05 and is still jobless now. I think it is a case of "too little porridge to feed the monks" (a direct translation of a chinese idioms) right here in the job mkt situation in Singapore.
Anyone got his/her opinions to share? -
We can never compete with China in manufacture of ordinary goods or with Thailand with IT products. We have to go into niche areas...for example, Singapore is the world's largest exporter of off-shore oil rigs. That and the budding pharmaceutical industry have done well.Originally posted by shouyi:If you speak to some management level people in the private manufacturing sector, they will tell you that there is not much manufacturing going on right now in Singapore (That is what I heard at least).
If that is the case, I wonder why governement is still advocating pple to study Engineering. Maybe government wants more R&D Engineers and that would mean Masters or even PHD levels.
For the normal Bachelor degree Engineering degree holders who intends to join the manufacturing industry, the future looks bleak in my opinion.
More engineers will mean lower salaries and that will be good for the nation cos' we become more competitive...bad for the individual though...Yes, government wants more R&D people at the PhD and postdocs level....Masters no longer sufficient. It also depends on which University and lab you worked in...don't forget that places like Oxbridge and Ivy League colleges are filled with Mainland Chinese scientists! -
So our Universities and polytechnics should stop offering courses in media studies and psychology? After all, do we need so many media specialists and psychologists?Originally posted by robertteh:For many years the government has been over-emphasising on academic education under its meritocracy policy with a somewhat total disregard as to the future employment prospect of the educated population. -
Are we getting more competitive? Worker getting lower pay, but the cost of living keep rising.Originally posted by oxford mushroom:More engineers will mean lower salaries and that will be good for the nation cos' we become more competitive... -
Not everyone bites the bullet....some are throwing bullets
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Since unemployment has been haunting individual for years,
1) What can individual do to improve their situation?
2) What are the alternatives? -
Well said Robert and now is really the time the govt must listen......Originally posted by robertteh:For many years the government has been over-emphasising on academic education under its meritocracy policy with a somewhat total disregard as to the future employment prospect of the educated population.
Other countries like Finland and Denmark etc took a different approach. They emphasised on broad-based practical education so that students will be well prepared and be fit to meet the actual skills and practical knowledge demanded in the actual work place when they graduated.
From 2001, I have posted as many as twenty feedbacks to the Feedback Unit on the danger of over-producing academic graduates and told them that their academic education system will produce a lot of educated unemployed of the future who only possess academic degree without the practical applications capability to meet actual work demands in the work places.
The new Education Minister might have made some changes but essentially the courses and teaching are still very conceptual and not applications in content.
Unless the past meritocracy policy is changed drastically it may cause neglect in developing broad-based practical education. We are now seeing many graduates unemployed because they are not practical applicator and need to receive further adaptation and on-the-job training or re-training and employers generally do not have the patience to train them as it will be costly to do so.
It is because essentially our leaders are not adept in keeping up with the time and changes that we have to experience such problems. If only they listen to feedbacks years back such a problem could have been solved earlier.
The collective voice of the people cannot be any more inferior than the voice of the almighty govt.
We, the people, are also stakeholders remember..... -
more and more are seeing mental doctors.Originally posted by oxford mushroom:So our Universities and polytechnics should stop offering courses in media studies and psychology? After all, do we need so many media specialists and psychologists? -
Just look ard....believe what u see, not wat u read. unemployment situaiton here is bad...the figures is to paint a rosey picture else how will investors come ? its a vicious cycle lah...investors come, the jobs oso given to FTs....they dun come we oso die...both way we die...so its time to move out...
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even moving out requires a certain level of ability.
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Originally posted by SnowFlag:Are we getting more competitive? Worker getting lower pay, but the cost of living keep rising.Originally posted by thinker:Since unemployment has been haunting individual for years,
1) What can individual do to improve their situation?
2) What are the alternatives?
Phillips' results showed that there was a permanently stable relationship between inflation and unemployment. They could tolerate a reasonably high rate of inflation as this would lead to lower unemployment – there would be a trade-off between inflation and unemployment.
For example, monetary policy and/or fiscal policy (i.e., deficit spending) could be used to stimulate the economy, raising gross domestic product and lowering the unemployment rate, as shown by the change marked A in the diagram. Moving along the Phillips curve, this would lead to a higher inflation rate, the cost of enjoying lower unemployment rates. -
Hhhmmm Philip Curve...
memory of 'A' level economic lesson all over again.... -
31 October 2005
Employment Situation In Third Quarter 2005
Q3 Employment Continues to Rise
1 Employment creation in Singapore continued to be strong in the third quarter of 2005, sustaining the improving trend of the past 8 quarters. Preliminary estimates show healthy employment gains of 28,700 in the third quarter. This increase was double the 14,100 in the same period last year, although slightly lower than the gains of 31,700 in the second quarter. The latest strong gains meant that SingaporeÂ’s economy had registered a significant increase of 78,200 jobs in the first 9 months of 2005.
2 All major sectors registered employment growth. The bulk of employment gains came from the services sector (18,400). Manufacturing employment also rose by 8,000, driven mainly by gains in the marine industries. Construction sector continued to add workers (2,300) for the third consecutive quarter.
Retrenchment
3 Preliminary findings from a survey of private sector establishments each with at least 25 employees show that 2,500 workers were retrenched in the third quarter of 2005. This was an increase of 18% from the quarter before and 27% from the same period a year ago.
4 The manufacturing sector laid off 1,700 or slightly more than two-thirds of the total workers retrenched in the quarter, mainly in the electronics industries. The remaining 800 or one-third of the layoffs were contributed by the services sector.
Unemployment
5 Preliminary estimates show that the seasonally adjusted overall unemployment rate improved slightly to 3.3% in September 2005 from 3.4% registered three months ago. Among the resident labour force, the rate was 4.4%, also lower than the 4.5% in June 2005.
6 On a non-seasonally adjusted basis, the overall unemployment rate dropped sharply from 4.3% in June 2005, when this yearÂ’s batch of tertiary graduates joined the pool of job seekers, to 2.9% in September 2005 as more job seekers secured employment. The seasonal decline also resulted from fewer students looking for temporary jobs as they returned to school after the mid-year vacation. Among the resident labour force, the non-adjusted rate was 3.8% in September 2005. An estimated 69,400 residents were unemployed in September 2005. The seasonally adjusted figure was 81,200.
http://www.mom.gov.sg/PressRoom/PressReleases/20051031Employmentsituationinthirdquarter.htm -
2.9% unemployment rate liao, how low you want?
But can assure you that the best is yet to come!
News will come to make you SHIOK -- as always before an ERECTION.
More Good Years Ahead! -
if you believe what they say of course 2.9% is good.
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Correct. Unless, of course, you are willing to accept a lower standard of living. Not many Singaporeans can accept that.Originally posted by dragg:even moving out requires a certain level of ability. -
like tt what is the point of living in singapore liao??..when young worry abt studies cannot go uni...den if go uni liao graduate...worry again if can find job or not...even when find job liao mus worry whether earning enough to keep up with the high living cost in singapore...owning a car or buying a house in sg seems a extremely difficult task...
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its a common pheonomenon now.