Do You Believe this Kaka? Can Anyone Verify this?
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49,400 new jobs in first quarter, job vacancies at 32,200: MOM
By S Ramesh, Channel NewsAsia | Posted: 15 June 2007 1053 hrs
SINGAPORE: Singapore's labour market continued to tighten as demand for manpower rose in the first three months of this year, said the Manpower Ministry in its quarterly labour market report.
And as employers hired to cope with current and anticipated output, productivity has declined and wage pressures have continued to rise.
For the January-March period this year, total employment grew by 49,400.
Although this fell below the seasonally high gains of 51,500 in the October-December 2006 period, it surpassed the 45,000 in the first quarter of 2006.
The buoyant economy in the first quarter of this year also generated a large number of job vacancies, which hit 32,200 in March - 30 percent more than a year ago.
But with the strengthened employment prospects, unemployment has also gone up.
According to the Ministry, the total unemployment rate in March was 2.9 percent, compared to 2.6 percent in December last year.
Among residents - Singaporeans and permanent residents - the jobless figure was 4 percent, up from 3.6 percent in December 2006.
This was the result of more people entering the labour market on the back of favourable economic conditions.
As for retrenchments, the report said 1,964 workers were laid off in the first quarter of this year, fewer than the 3,215 in the previous quarter.
CPF records showed that nearly 59% of those retrenched by the private sector in the last quarter of 2006 found jobs by March this year. - CNA/ir -
What does the 'Kaka' in your subject heading mean? I almost thought you were posting a football article in the wrong forum.
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Un-understandable good looking gibberish.Originally posted by ShutterBug:49,400 new jobs in first quarter, job vacancies at 32,200: MOM
By S Ramesh, Channel NewsAsia | Posted: 15 June 2007 1053 hrs
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For the January-March period this year, total employment grew by 49,400.
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According to the Ministry, the total unemployment rate in March was 2.9 percent, compared to 2.6 percent in December last year.
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In Jan there are x number of CPF accounts , in Mar it is x + 49,400 accounts?
What is 2.9% unemployment rate in March?
December it was 2.6 %, therefore an increase of 0.3%.
Who are the 49,400 employed? New entrants, FT?
What is the number for the 2.9%?
Who are these people?
The same Singaporean who have remained unemployed?
The report looks good on paper. -
X2Originally posted by Slipshade:What does the 'Kaka' in your subject heading mean? I almost thought you were posting a football article in the wrong forum. -
If I am not mistaken , everytime job reports come up, Singaporeans are always grouped with PRs to make the figure look better.
Go figure.
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it's actually economics stuff...
people entering the market.. the question is this 'who are these people?'
but the seemingly contradictory numbers make sense mathematically.. -
Well, if the government says that there are less and less Singaporeans due to the falling birth rate ...Originally posted by the Bear:it's actually economics stuff...
people entering the market.. the question is this 'who are these people?'
but the seemingly contradictory numbers make sense mathematically.. -
Figures, figures, figures, figures can be played around and manipulated. Nowadays, I have learnt not to believe in article like that. So what if there are jobs available, we gotta see what sort of jobs are those!
gahmen gotta make figures look attractive to portray a good picture!!! There are times when employment market is bad they tell us it is good, so I question the credibility of such article - figure!!! -
fewer and fewer being born..
but remember.. the retirement age went up.. so they have to work at McD's
add the old people to the people leaving schools into the rat-race..Originally posted by charlize:Well, if the government says that there are less and less Singaporeans due to the falling birth rate ... -
As with most political institutions, such statistics will only be released when it is siginificantlt glossed over and the finer results established.
Would any govt release data tainting their management policy of foreign talent vs local job-hunters?
If my company is anything to go by, there is indeed a flurry of activity in the job market, with colleagues suddenly submitting their letter and whisking off in search of better pay.
With govt bodies enriching their own salaries through various means, we must find ways to stay in front and not let the 'financial tide' of price hikes swamp our disposable income further.
Of the article and figures presented by MOM, i can only agree that there is much job-hopping happening this quarter, which coincides with the last instalment of final bonuses from last year. -
It's also Italian slang for 'crap'.Originally posted by Slipshade:What does the 'Kaka' in your subject heading mean? I almost thought you were posting a football article in the wrong forum. -
i believe in Milan's Kaka
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The figures would have made better sense, if they included details on WHO those figures represent.
They either didn't thought of it, or they thought better not to do so... as will turn into Bad News instead... -
Yes, as Kuali Baba said, it's crap in Italiano...Originally posted by Slipshade:What does the 'Kaka' in your subject heading mean? I almost thought you were posting a football article in the wrong forum. -
i tok AC's Kaka
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he is asking kaka not us
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All the better to hoodwink Singaporeans.Originally posted by charlize:If I am not mistaken , everytime job reports come up, Singaporeans are always grouped with PRs to make the figure look better.
Go figure.
It would be more meaningful to break up Singaporeans and PRs.
Lies, damn lies and statistics. -- Mark Twain -
Statistics is nice if you know how to use it.
Back to topic, this is again another article that seems to make the government looks good, but if you read it a few more times, read in between the lines and think a little deeper, the government is in very bad light.
The power of words. -
I also thought that this should be in Sports
Sophiscated title -
I see. I hereby slam the TS for using Italiano slang on us!Originally posted by ShutterBug:Yes, as Kuali Baba said, it's crap in Italiano...
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Seriously, can a press ranked 154th (out of 195) for press freedom be relied upon to deliver anything of substance and credibility?
If it's a comedy of the absurd one is seeking for entertainment, you'd be better off getting your hands on a copy of The Pyongyang Times. -
Here's more Kaka in relation to the first Kaka-ish report.
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Labour chief warns against complacency amidst strong job numbers
By Ting Kheng Siong / Wong Siew Ying, Channel NewsAsia | Posted: 16 June 2007 1915 hrs
SINGAPORE: The Labour Movement is encouraged by the positive first quarter report on the manpower situation in Singapore.
Figures released showed that wages have climbed by some five per cent.
They also showed that more jobs have been created and more Singaporeans are returning to work.
But NTUC's Secretary General Lim Swee Say says Singaporeans cannot be complacent.
One concern is that the tightening labour market may cause the wage structure to be less flexible.
Mr Lim says there is still work to be done.
And he adds that this period of healthy growth is the time to do so, since this will put Singapore in good stead and make its people more employable.
"What this means is that as we go through this process of tightening the labour market, we must firstly continue to help the matured workers to gain re-employment, in other words helping workers to work beyond the retirement age of 62. This is the best time to do so because companies are looking for more workers.
"Secondly, we must step up our efforts to promote, to encourage, to help back to work women, let them come back to the work force, for example by redesigning the work to become more family friendly," says Mr Lim. - CNA/yy -
Originally posted by walesa:Seriously, can a press ranked 154th (out of 195) for press freedom be relied upon to deliver anything of substance and credibility?
If it's a comedy of the absurd one is seeking for entertainment, you'd be better off getting your hands on a copy of The Pyongyang Times. -
Originally posted by ShutterBug:
Blue part - One CNA reporter says one thing, 2 other say another thing, who we trust?
Here's more Kaka in relation to the first Kaka-ish report.
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[b]Labour chief warns against complacency amidst strong job numbers
By Ting Kheng Siong / Wong Siew Ying, Channel NewsAsia | Posted: 16 June 2007 1915 hrs
SINGAPORE: The Labour Movement is encouraged by the positive first quarter report on the manpower situation in Singapore.
Figures released showed that wages have climbed by some five per cent.
They also showed that more jobs have been created and more Singaporeans are returning to work.
But NTUC's Secretary General Lim Swee Say says Singaporeans cannot be complacent.
One concern is that the tightening labour market may cause the wage structure to be less flexible.
Mr Lim says there is still work to be done.
And he adds that this period of healthy growth is the time to do so, since this will put Singapore in good stead and make its people more employable.
"What this means is that as we go through this process of tightening the labour market, we must firstly continue to help the matured workers to gain re-employment, in other words helping workers to work beyond the retirement age of 62. This is the best time to do so because companies are looking for more workers.
"Secondly, we must step up our efforts to promote, to encourage, to help back to work women, let them come back to the work force, for example by redesigning the work to become more family friendly," says Mr Lim. - CNA/yy
[/b]
Red part - I wonder how this is actually possible? Either way, be aware of this part. I don't think it's as good as it sounds. -
Seriously, can a press ranked 154th (out of 195) for press freedom be relied upon to deliver anything of substance and credibility?
If it's a comedy of the absurd one is seeking for entertainment, you'd be better off getting your hands on a copy of The Pyongyang Times.
well said. even i trust the china papers more than the singapore straits times.
their journalist dare to publish articles, questioning the central communist party on their questionable policy, corruptions and etc. ohh my god. our straits times are worse than "Communist times"
i have already discontinue ordering of straits times from monday till friday.
i read sat. papers mainly for the sports, classified and recruitment section.
anyone remember there is a journalist from straits that are being charge in china for spying? i started to link someone comment that few ISA personnel are acutally working in SPH. hmmm.... the rest i leave it with you.