Is the Singaporeans’ unemployment rate relatively worse off than that of PRs and foreigners?

I refer to the article “Singapore’s unemployment rate drops to 2% in Q1” (Channel NewsAsia, Apr 27).

It states that “Singapore’s unemployment rate in the first quarter was 2 per cent, down from 2.1 per cent in December last year, the Ministry of Manpower (MOM) said on Friday (Apr 27).

The unemployment rate for residents fell from 3 per cent to 2.8 per cent, while it remained unchanged at 3 per cent for Singapore citizens, according to an advance release of the first-quarter labour market report.”

Why is it that the overall and residents’ unemployment rate have decreased, whereas the citizen’s rate has remained unchanged?

Does it mean that on a relative basis, the unemployment of Singaporeans did not improve compared to permanent residents (PRs) and foreigners?

As to “Total employment (excluding foreign domestic workers) dropped by 2,100 after a seasonal increase in the previous quarter, largely due to a decrease in work permit holders in the construction and marine shipyard sectors” – does it mean that on a relative basis – Singaporeans bore the brunt of the decrease in total employment and possibly, correspondingly higher unemployment?

In this connection, with an average of about 30,000 new permanent residents (PRs) and 20,000 new citizens granted per year – how much of the local residents’ employment change in the last quarter and the last year were to Singaporeans?

If we account for the foreign workers who were reclassified as resident workers when they became PRs or citizens – what is the “real” unemployment rate for Singaporeans?

 

Leong Sze Hian

 

 

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6 Responses to “Is the Singaporeans’ unemployment rate relatively worse off than that of PRs and foreigners?”

  • LIONS:

    Lets face fact.
    A 10 million population means at least an extra dumping of FTs to the tune of 2 million?
    The MAJORITY OF THESE EXTRA FTs need gainful employment.
    That equates to MORE SGS GETTING JOBLESS.
    YOUNG SGS WILL REAP WHAT THEY SOW N WOULD BW SOWING IN NEXT GE.

    PICK YOUR CHOICE,YOUR OWN FUTURE.

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  • N.Jungne:

    Since My Career/Future .sg made smarter, they are happily busy applying for jobs, according to their skill.

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  • KNN:

    It’s always been citizen unemployment rate > PRs > pass holders.

    Obvious coz foreigners jobless for 2-3 months will go back & fall out of the statistics.

    The bigger problem is that citizen unemployment is usually under-reported.

    Instead of just 3%, won’t be surprised if it is actually 5% or even higher. If include those cannot find permanent job and need to do temp jobs, short-term contract, drive Grab, Food Panda delivery etc, it should be about 10%-20%.

    Those jobless for 12 months or more are not included (govt considers them as retired or voluntarily inactive). Those registered with WDA or SkillsFuture also considered not unemployed, even though no job offer for months.

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  • Underemployment Issues:

    Bigger issues is the underemployment issues for the locals PMETs…
    How many are affected as it will result in lower quality of life for them and their families…

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  • oxygen:

    THE ONLY RELIABLE UNEMPLOYMENT FIGURE I can trust is the number of receipients of social security (if we pay unemployment benefit to unemployed) since the full-time employed will never have access to social security payments.

    WITHOUT PAYMENT OF SOCIAL SECURITY OF SAY EVEN A TOKEN OF $100 A MONTH, all employment/unemployed is FAKE NEWS.

    Of course, PAPpys will never pay social security because it is EMBARRASSING REVELATION OF THE TRUE STATE OF THEIR ECONOMIC MISMANAGEMENT FAILURE.

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  • Underemployed:

    The underemployment issues should be addressed by the 4G Leaders urgently.
    Bold action and initiatives are required.
    Take courage and clear mind to make hard decision….

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