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MOM report: unemployment rises and wage growth slows

report on the labour force released by the Ministry of Manpower today (30 Nov) has showed that income growth has slowed and resident unemployment has increased amidst slowing economic conditions.

On the surface, nominal incomes of resident Singaporeans have increased by 3.2% this year, compared to last year’s 5.3%. Resident unemployment remains stable at 3% with the overall participation rate dipping to 68%.

However, deeper statistics show a more worrying picture.

A separate report last month by SingStat has showed that productivity growth has declined by 0.1% despite a 6.3% year-on-year increase in the unit labour cost of manufacturing.

At the same time, there are 144,900 residents (14%) who are outside of the labour force but have indicated their intention to look for a job within the next 2 years. Among this group, degree holders form the largest population at 34.1%.

Concurrently, non-seasonally adjusted unemployment rate for residents increased from 3.8% in 2015 to 4.1% in 2016 with 92,300 residents.

This has prompted statistical expert Leong Sze Hian to ask “Is it due partly to Singaporeans losing their jobs with fierce competition from foreigners – and finding it hard to get re-employed?”

*Editorial by The Singapore Daily

 

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25 Responses to “MOM report: unemployment rises and wage growth slows”

  • Just1more:

    Think this is the only country where citizen’s interest is equal or worse off than foreigners. The fact that locals have to compete with foreigners on the same job is wrong. The privilege must be given to Singaporeans first.

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  • Chris:

    Of course unemployment rises and wage growth slow as the evil irresponsible scum dou continue import or allow import of more trash here. The only way we can stop the evil work of the evil dou is be united and vote it out. Amk residents are truly to be blamed for evil dou to continue with the work against us. Please do not employ pro papiggs supporters from amk, they are incorrigible, severely self-centred but complain when things go wrong. I ticked off one of them she had nothing to say.

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  • Malay Kampong:

    After two years of national enforce unemployment for our men (National Service). Our no longer fresh, already stale diploma graduates, have to compete based on meritocratic globalization policy, of competing directly with actual fresh diploma graduates from our asian neighbors. While in the past, our local diploma can match vis-a-vis with asian degrees, nowadays our diploma is the same level as foreign diplomas. In light of two years of stale knowledge, stale diploma, they have great disadvantage competing in the open market, as such needing to upgrade themselves to a degree level.

    Many will say, well acquiring a degree is just a commitment of time and money which will eventually can be paid off through higher salary, after being gainfully employed. The problem with this arrangement, most degree level jobs, will require some amount of job experience or actual world implementation of such skills. Being that our guys only have 2 years of useless military experience, closest job match to these are with Security Guard jobs, prowling fences and ensure all doors are locked.

    Without laws to give a foot up to our guys, only left are kindhearted employers who feel the predicament to our local men to give them some work experience. As such employment is by nature will be race base, not nationality base. As such we seeing most ‘fresh grad’ jobs needing Mandarin knowledge as basis of application. Not being racist, just facing the facts.

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  • Warm semen:

    If they’re really good enough, shouldn’t they be able to compete even if the foreigners are willing to accept lower wages?

    We always blame the employer or government not realising the local job applicant may be at fault.

    If you’re good,you’re good,if you’re not, you’re not.

    I don’t mind paying a premium for an airline ticket if the service is very good.

    There are always two sides to the story.Some locals just aren’t street smart enough,expecting to be spoon fed.

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  • Lower Prices Everyday:

    It has always been about pricing. Prevalent among SMEs. Even if that person is great, they aren’t willing to pay more.

    How do you think budget airlines came about?

    Warm semen:
    If they’re really good enough, shouldn’t they be able to compete even if the foreigners are willing to accept lower wages?

    We always blame the employer or government not realising the local job applicant may be at fault.

    If you’re good,you’re good,if you’re not, you’re not.

    I don’t mind paying a premium for an airline ticket if the service is very good.

    There are always two sides to the story.Some locals just aren’t street smart enough,expecting to be spoon fed.

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  • DOOM:

    GOOD
    OR

    SO GOOD

    UNTIL

    ZERO

    “PRODUCTIVITY”

    BUT

    “CHEAP”

    LIKE AUTUMN LEAVES

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  • rukidding:

    Thank you PM Lee …thank you for “screwing your own citizens” !

    Well done !

    I wonder how to “protect” and “defend” or “fight & win a War”….when your own soldier’s “Morale” , “confidence” and “feel good and proud” is probably lower than a Low skilled Malaysian or Pinoy or Burmase Worker working here ???

    This “Logic”….I totally cannot understand ???

    May I suggest you take the “lead” and “volunteer a Pay cut” as well as “lowering the rental rate of Industrial Parks” to ….”take the lead” !

    Why “pamper & protect” the Landlord’s interest of Private ptx ?

    “Courage” my de !

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  • KNN:

    I scanned thru the report. Some interesting points:-
    1. MOM didn’t break down into citizens & PRs — instead the figures are all lumped for “residents”. Empirical evidence from MOM’s other reports indicate that citizens stats are usually worse than for PRs.

    2. Employment rate for residents aged 25 to 64 is 80.3%. This means 19.7% of citizens & PRs in this age group are unemployed.

    3. Throughout the entire report, MOM kept mentioning that female employment has been going up from 2006-2015 and helping to maintain the “good” stats by making up for the stagnation or decline of male employment during this 9-year period. However in 2016, both female & male employment dropped.

    4. The median gross salary for full-time work is now $3,500 (excluding employer CPF). Which is still rather low as S’pore is 1 of the highest-cost cities in the world.

    5. Seasonally adjusted resident unemployment is 3.0%. Seasonally UNadjusted resident unemployment rate is 4.1%. The unemployment rate is now the highest since 2006 (except for 2009 financial crisis).

    6. The industry with highest unemployment is IT, followed by hotels/restaurants.

    7. Proportionately, degree holders are the highest in both unemployment rate as well as in long-term unemployed.

    8. Primary school leavers have the lowest unemployment rate.

    9. ITE/certificate holders have the lowest long-term unemployed.

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  • SG badly needs a reboot:

    Remember, PRs is almost a million, group with locals as locals, so the stats look not so bad. In fact, taking away PRs, local unemployment is scary.

    This year alone, I have heard so many of my local friends and family being replaced or retrenched by foreigners. The govt has not slowed down on importing, more BTOs are built and Tengah planned to house them, the target is 10M.

    You guys voted for it, nothing much we can do.

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  • Thinking loud:

    @ Warm semen

    You really don’t understand what is happening around the world, do you?

    Maybe start understanding why Trump won the recent elections … nah, not those MSM stories about how HRC was popular with the women, the minorities etc
    Don’t be fooled by the press.

    Or go further a little, read about the sentiments behind Brexit.

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  • PAPIGS NEED TO WAKE UP:

    Blame it on Trump for killing TPP lah.
    Our Pinky like Obama will blame their incompetence on everything but themselves.
    With such a small population of Tru Blue Sinkieland, CAN’T even protect their livehood

    Even before Inauguration, Trump has stopped the EXODUS of
    Ford, Carrier and most likely Apple will manufacture products in USA
    Can’t expect PAPIGS to have the same leverage as Trump BUT at least PAPIGS could
    intelligently control the front end by reducing issue of work permits to foreigners.

    In the meantime, no food for family don’t worry or complain, just heed the warnings of being xenophobic.

    Thanks 70% idiots for making life miserable for 100% less 158000 millionaires

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  • NS for Singaporeans:

    Jobs are prioritized for foreigners so that Singaporeans can focus on NS and reservists activities.

    ———————————————————————————————————————————————
    Just1more:
    November 30, 2016 at 2:47 pm (Quote)
    Think this is the only country where citizen’s interest is equal or worse off than foreigners. The fact that locals have to compete with foreigners on the same job is wrong. The privilege must be given to Singaporeans first.

    GD Star Rating
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  • Chris:

    Warm semen:
    If they’re really good enough, shouldn’t they be able to compete even if the foreigners are willing to accept lower wages?

    We always blame the employer or government not realising the local job applicant may be at fault.

    If you’re good,you’re good,if you’re not, you’re not.

    I don’t mind paying a premium for an airline ticket if the service is very good.

    There are always two sides to the story.Some locals just aren’t street smart enough,expecting to be spoon fed.

    Yes, you support shit from arrogant scums because you are one of them. May your job be taken by foreigners . If you are doing business may foreigners cause your business go bankrupt. Pride goes before a fall, the very blatant arrogance of yours is a clear sign your failure, downfall is coiming.

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  • Jjkk:

    This Ah Long has to stand up to the rich, not keep on bullying the normal people.

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  • DOOM:

    PR’s IN THE MIL ???

    YOU SLEEPING PAST TEN YRS ????

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  • CCK:

    After 50+ years of nation building, PAP still have to hide behind “resident” numbers and unwilling to provide split between “SG” and “PR” numbers in all economic data reports … got something to hide ? not proud of “SG” numbers ?

    VB said PAP always transparent … really or just talk only ? can and will walk the talk ??

    I don’t understand why we still allow this party of idiots to lead SG !!

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  • Marine Le Pen National Front:

    Bill Clinton was a populist leader:” it is the economy stupid.”

    Donald Trump was a populist leader:” it is the saving jobs, stupid.”

    LHL established leader:” blame it on Globalization, cannot be help???”

    Donald Trump had just save 2,000 jobs, Carrier would had shift to Mexico

    Donald Trump made a deal with Carrier, they are staying put

    Just as Ronald Reagan said Harvey Davisson from Honda motorcycle

    Donald Trump is saving Caterpillar from the slaughterhouse of Komatus

    Donald Trump is doing something to stop Apple IPhone from outsourcing jobs to China Foxconn

    Donald Trump is protecting jobs, starting with Pence on Union Steel Workers (something Europeans Leaders does not had the guts to protect their own industry.)

    Marine Le Pen will be doing just that. (CNN is targeting her to fall)

    African workers are happy Trump is saving jobs, but Clinton will never do that
    Clinton is all about Internationalism Global Trade

    POLITICS HAD CHANGE? Agreed? After BRITEXIT, Trump Anti Establishment, it is French & Germans to lead the way

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  • William C:

    Half of the 70% are telling others to vote Opposition because he bobien must vote PAP. How can like this?

    GD Star Rating
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  • Steak media:

    No worries wor.
    A tv statistical documentary said i got 1 in 20 chance of being a millionaire in sg.

    So, no worry retrenchment one.

    The tripartite will save us NTill U C.

    Statistics is not a lie right?

    Acturely, in bad times singlians more likely to keep status quo out of fear of the unknown.

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  • Pinky:

    Why report something I knew a long long time ago?

    GD Star Rating
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  • Future traitors of the country:

    News in Singapore from whatever channels are all shits of craps and not trueful enough to believes. Now you heard businesses so good and so on. Next you heard recseeion.
    Who is speaking true or who is evil, by now we should be able to know.
    Just listen to songs will do.
    Now they say more fts buying PTE properties, next they say Pte properties, alot vacants! What bullshits are all these news?
    What a joke right?

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  • Boh Bian Solves all:

    William C:
    Half of the 70% are telling others to vote Opposition because he bobien must vote PAP. How can like this?

    Its like many support people who cumplain guermen and urge them to go die for us by speaking up at hong lim park. Very self basturds.

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  • Boh Bian Solves all:

    Warm semen:
    If they’re really good enough, shouldn’t they be able to compete even if the foreigners are willing to accept lower wages?

    We always blame the employer or government not realising the local job applicant may be at fault.

    If you’re good,you’re good,if you’re not, you’re not.

    I don’t mind paying a premium for an airline ticket if the service is very good.

    There are always two sides to the story.Some locals just aren’t street smart enough,expecting to be spoon fed.

    Kelvin Chup Cheng , is that you?

    GD Star Rating
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  • Wasting Time:

    Hillary Clinton was all about ensuring that Bill and Hillary’s speech charges for speeches reaching $1 million per speech. That is if she won the Elections!
    Clinton’s Global Initiative will cost $50 million as stakes before PAY TO PLAY

    OBAMA spent Trillions from taxpayer’s funds for his Ideology of Global Warming.
    Forest fires from USA to Indonesia and around the whole world causes more Global warming damage. Are we fortunate not to have Haze this year? 2015 was the year of clearing the forest for planting & 2016/2017 is the year of planting. Even idiots know not to play with fire around their newly planted palm oil trees. PAPIGS are patting the backs of all MIWs on how their extra territorial laws have kept Sinkieland free from haze in 2016!!!

    Marine Le Pen National Front: Clinton will never do that
    Clinton is all about Internationalism Global Trade

    GD Star Rating
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  • Korean:

    Korea nvr sign TPP. Korea products still sell like hot cakes.
    Singapore not TPP, KPKB even Trump dunno f care u.
    Now u been selling anything? Nothing.!!
    You gives scholarships in hundreds of millions to immigrants. You invested billions
    in Tianjin Eco city.
    All these turn to garbages. Thy even start building ship yards to oppose you.
    I even overheard immigrants wanting to send more money back home to build their military.
    O, Ah Long, your dad did not tell you your name Loong comes from the word O A Long.
    U really Gong and making us all dead! Stupid.

    GD Star Rating
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