About 1.8 million residents were employed
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Singapore labour market grows while resident employment at all-time high: Labour Report
SINGAPORE: About 1.8 million residents were employed - a record high says the Manpower Ministry since it started observing such trends in 1991 - while Singapore's labour market grew by over 5 percent in the last two years. This is according to the latest labour force report released on Friday.
Boosted by higher migration, more female and older workers, the overall labour force has grown strongly in the past two years in tandem with strong economic expansion.
The report also highlighted the positive job outlook for residents, which the Manpower Ministry defines as not just Singaporeans but also Permanent Residents.
It said 76 percent of the resident population aged 25 to 64 were employed - the highest since data was first compiled in 1991.
In real terms, this translates to 1.8 million residents employed in June 2006.
In many ways, these figures are significant because they come on the back of feedback in recent years, where one of the main grouses of people trying to make a living is that despite the economic upturn, jobs have been going to foreigners instead of to Singaporeans.
Most of the new jobs taken by residents were also higher value added, which means more people working in the professionals and managers category. This came mainly at the expense of production and related workers though.
"The real challenge is we have all these jobs but if the workers are not up to speed, are not relevant, then they will not be able to do those jobs. We need to run really fast. Workers need to run really fast also in continuing to ensure their skills remain relevant and they can take advantage of those new opportunities created by our economy," said Halimah Yacob, Asst Secretary-General, NTUC.
Unemployment also improved to a record low for the last five years using June figures as a basis of comparison, and with robust economic conditions, residents found jobs a lot faster - down to just 8 weeks from the previous 12 weeks.
Two concerns remain though. The number of older workers is increasing, while there remains a sizeable pool of residents without even secondary school qualifications - over half a million workers. - CNA /dt
Statistics aside, how's the grounds really doing? -
S$10 increase medisave x 1,800,000 employees, S$ 10,800,000 per month x 12 months S$120,8000,000 per yr !!!!
S$120 millions ,this SG must be very fat loh!!!! -
According to the Departement of Statistics - the 2006 population at mid-year estimate saw a total population of 4,483,900 - of which Singapore Residents numbered 3,608,500.
The breakdown according to age groups was reported as -
Below 15 years : 698,100
15 - 64 years : 2,603,900
65 years and above : 306,500
It was also reported that the TOTAL Dependancy Ratio per 100 Residents Aged 15 - 64 years was 38.6 (unit NOT stated but assume to be percentile ???)
Child Dependency Ratio 26.8
Old Age Dependcy Ratio 11.8
More importantly, the 2006 report indicated that in 2005 the Labor Force was 2,367,300
with Employed Persons numbering 2,266,700
UnEmployed Rate of 3.4%
Labor Force Participation Rate of 67.4% of Population aged 15 years and above.
With all the above statistics for 2006 taken from the Department of Statistics, how should we read this current report that only 1.8 million residents were employed ?
Was there a mistake to publish this ?
Is this an improvement to the scenario in 2005 ?
Was it not reported that 2006 saw a glowing recovery over 2005 ? -
Got job; No life!!!
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1.8 million residents were employed????
any break up of how many are singapore born singaporean?
how many are new singaporean?
how many are PR as it oni say residents?
ppl, pls stop playing the number games. look like till lao li take his long sleep... nothing going to change...
hazi... i think i am still jobless... -
ya... ppl got a job, maybe another part time but the pay is lower than wat he or she used to get? than wat is the point?
any numbers to show how many singapore born singaporean are leaving lion city to another place like in mid east for work or leaving for good?
bet you, they GOV will not dare to show. -
don't forget you are not considered unemployed if you remain unemployed for more than 6 months because after that you are considered 'unemployed by choice', just like how some are 'homeless by choice'.
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Very good observation!Originally posted by nismoS132:don't forget you are not considered unemployed if you remain unemployed for more than 6 months because after that you are considered 'unemployed by choice', just like how some are 'homeless by choice'.
All their life they play with numbers, and they play with words.
They have no guts to define RESIDENTS...
TRUTH, has never been a friend to them.... -
statistics are only for show!!!
why dont they report the figure on unemployment? -
That why they said only 2% GST increase but in actual fact is 40% jump from 5% to 7% GST.Originally posted by dragg:statistics are only for show!!!
why dont they report the figure on unemployment?
With mutiple effect,the consumer prices will be increased by at leat 10% after Feb 2007.
This SG is a real Liar!!!!!