Singapore's jobless rate at 10-year low
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Indeed, if you look at the CNA report posted by the TS, it states that the most significant gains in jobs created are in the services and construction sectors, which are heavily dependent on FTs.Originally posted by Y_Shun:Its because FT took the jobs. Hence it the jobless rate decreased. Unforunately, the Singaporeans are still jobless. -
a) How do you know all the indians working in the company are FT and not Singaporean indians?Originally posted by fishbuff:the old saying goes;"there are lies, damned lies and statistics".
i went to one of the foreign bank for interview in the IT field, saw the entire whole depts, not a single singaporean in sight. all indian FTs. the interviewers are indians too. Jobs? ya, there are jobs... but for who?
b) If you are looking for a job in Bank of India, isnt that normal that they will have more Indians working in the company.
c) Why are they interviewing you if they their jobs are only for Indian nationals.
I hope you are not accusing the government of telling lies, with more lies.
PS - I hope you are not TNT using a clone nickname. -
BAD! Coz if someone wants to conceal some suspected fact, what does he tell you? The opposite of course!Originally posted by yiha093:ok
so it that good or not
??
It's also bad because it's baloney! If the surveyors go to an office to ask if the people are employed, what answer do you think the surveyors will get?
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The problem with living under a despotic dictatorship is that if you ask them for the details and question them on the details of the jobless rate figures, they will end up suing you for defamation.
They will not be transparent and accountable. -
Originally posted by :
IF IF and more IF
[b]BAD! Coz if someone wants to conceal some suspected fact, what does he tell you? The opposite of course!
It's also bad because it's baloney! If the surveyors go to an office to ask if the people are employed, what answer do you think the surveyors will get?
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Tell me how are they going to sue you for asking?Originally posted by AndrewPKYap:The problem with living under a despotic dictatorship is that if you ask them for the details and question them on the details of the jobless rate figures, they will end up suing you for defamation.
They will not be transparent and accountable. -
Could it be possible the govt is trying to make up some gd news and make them look gd?
We need more details and statistics!!!!!!!!... The truth shall sets u freeeeeeee -
Recently my friend went for one of the recruitment exercise by NTUC Careerlink for the wafer fab specialist & also wanted singaporean , matured worker, No prior experience , understand English. It wanted to hired around 100 worker but turn out 200 plus, all mostly matured singaporean worker.
Some more got to take English ( grammars comprehension ) , math Test. Until now no response yet after the 2nd round Interview by the Company.
Where is it truth that the unemployment is low , loook at coffee shop , library so many people reading the strait times classified & some more went it your turn to read the classfied there are so many hole , pple tear it out to apply for job.
He also went to cdc & registered until now 1 yrs no response. So after 3 months you went down to enquired. They say U must registered against becos of that stupid procedured pple fedup never go register. Cdc assumed tat U have found a Job.
How did they come out a figure tat the unemployment rate is down is it including foreigner worker ?????????? -
Thanks for the good news.
Now, can we reinstate our CPF contribution from the employers? -
No, gahmen like to define them as 'unemployment by choice' ...Originally posted by hisoka:actually if you look at the various ways unemployment are defined, it may not mean such a good figure. In some countings, pple who have been unemployed for 3 months, or something like that are counted out of the workforce
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you were the one who said as long as it was a constant way of measuring. its ok.Originally posted by Gazelle:thats only IF.
just pointing out that its not always the case -
I thought recently they changed the way unemployment rate was calculated?
As in, they lumped in the foreign workers together with SG residents?
With a larger numerator, confirm your unemployment rate will fall. -
good one, i want my 20% backOriginally posted by soul_rage:Thanks for the good news.
Now, can we reinstate our CPF contribution from the employers? -
Somehow, the sentiments around me do not appear to feel like 1.7%. However, I have no computations.Originally posted by Gazelle:SINGAPORE: Singapore's unemployment rate in September fell to a seasonally-adjusted 1.7 percent, a decade low, as the economy maintained its rapid expansion.
The economy created 57,600 jobs in the third quarter of this year, bringing the total employment gains for the first three quarters of 2007 to 171,500, which is close to the 176,000 for the whole of last year.
Amid the strong job creation, the seasonally-adjusted overall jobless rate fell to 1.7% in September 2007 from 2.3% in June 2007.
Compared to a year ago, the jobless rate has fallen by a full percentage point from 2.7% in September 2006.
"The prevailing unemployment rate is the lowest in a decade, having improved to around pre-Asian crisis levels," said the Ministry of Manpower (MOM) in a statement on Wednesday, referring to the regional financial meltdown in 1997.
The number of jobs created in the third quarter is substantially higher than the increase of 43,000 in the same quarter last year but lower than the record gains of 64,400 in the previous quarter.
Services continued to lead the employment gains, adding 34,500 workers in the third quarter of 2007.
The manufacturing sector posted gains of 11,800.
Driven by the growth in building activities, construction increased its workforce by 10,800, continuing the rapid increase of the previous quarter.
On retrenchment, the MOM report said initial findings showed that 1,700 workers were laid off in the third quarter of 2007.
The majority of the workers retrenched were from manufacturing (1,200). Another 500 workers laid off were from the services industries.
Among Singapore citizens and permanent residents, the resident unemployment rate fell significantly to 2.3% in September 2007 from 3.1% in June 2007 and 3.6% in September 2006.
The sharp improvement in unemployment rate partly reflected an easing in the increase in resident labour supply over the past two quarters, following rapid gains in residents entering the labour market in 2005 and 2006.
On a non-seasonally adjusted basis, the overall jobless rate fell from 2.9% in June 2007 to 1.5% in September 2007 when this year's batch of tertiary graduates who were looking for jobs in the earlier quarter secured employment.
With the tight labour market, the rate is also lower than 2.4% in September 2006.
Among the resident labour force, the non-adjusted jobless rate was 2.1%, also lower than 4.0% in June 2007 and 3.2% in the same period a year ago.
An estimated 40,300 residents were unemployed in June 2007. The seasonally adjusted figure was 45,400.
Singapore's economy grew 9.4 percent in the third quarter and is forecast by the government to expand 7-8 percent for the full year.
The economy expanded 7.9 percent last year, one of the highest growth rates in Asia. - CNA/ir
Regards -
Singapore's jobless rate at 10-year low. Who do they have in mind to fool? Statistics, data can be manipulated, I doubt the accuracy of such article. I hear more FTs, FWs get jobs more than locals. So far I met two groups of local people who have difficulty getting jobs: fresh grads and people above 40 years of age. I know of many companies who employ many FTs to fill up many positions, sad, really.
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if we remove FTs from the picture, the unemployment rate in Singapore would be negative. -
This is cheating.Originally posted by charlize:I thought recently they changed the way unemployment rate was calculated?
As in, they lumped in the foreign workers together with SG residents?
With a larger numerator, confirm your unemployment rate will fall. -
not only there are jobs everywhere, salaries are rising across the board. my question is this, since there is inflationary pressures in singapore, why has the STI still not crashed yet? *scratch head*Originally posted by soul_rage:Thanks for the good news.
Now, can we reinstate our CPF contribution from the employers? -
the ministers knew way before this move in employment and salaries, thats why they dared to increase theirs first. -
Gazelle loves Singapore very much. He must have volunteered to serve in commando camp during his NS. -
I don't think Gazelle loves singapore very much, he loves PAP very much.Originally posted by Daddy!!:Gazelle loves Singapore very much. He must have volunteered to serve in commando camp during his NS. -
all the FTs thank Gazelle to serve his reservist while they enjoying outside...Originally posted by Daddy!!:Gazelle loves Singapore very much. He must have volunteered to serve in commando camp during his NS.
thanks Gazelle for protecting the FTs and their families -
There are three kinds of lies: lies, damned lies, and statistics. -Benjamin Disraeli (British prime minister 1804-1881)
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btw, can Gazelle give birth to more sons to protect his country while FTs enjoying themselves