Overall jobless rate up to 3.2% in March
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Preliminary estimates by the Ministry of Manpower show that total employment declined marginally by 1,000 in the first quarter of 2009, as the economy continued to worsen.
The manufacturing sector was severely affected by falling external demand. Employment in this sector has declined by 19,900, deeper than the 7,000 loss in the earlier quarter.
Construction employment grew by 8,500 in the first quarter of 2009 due to a strong pipeline of building projects. However, this is still lower than the gains in the earlier quarters.
Services added 10,300 workers, which is also a substantially lower figure than previous quarters.
Retrenchment and redundancy
The number of workers retrenched rose to 10,800 in the first quarter of 2009 from 7,500 in the previous quarter. Together with 1,800 workers whose contracts were terminated prematurely in the first quarter of 2009, total redundancy increased to 12,600, higher than the 9,410 in the previous quarter.
Most of the workers affected by redundancy in the first quarter of 2009 came from manufacturing which laid off 9,000 workers, mainly from the electronics industry. Another 2,900 workers were laid off from services and 700 from construction
Unemployment
Reflecting the sharp deterioration in economic conditions, the overall unemployment rate rose from 2.5% in December 2008 to 3.2% in March 2009. Among the resident labour force, the unemployment rate increased from 3.6% in December 2008 to a five-year high of 4.8% in March 2009.
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Seems like "Residents" are more unemployed compared to the foreign talents. I guess the unemployment rate for foreign talents must be below 1.6%, else it won't be able to move the overall unemployment from 4.8% to 3.2%.
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Originally posted by deepak.c:
Seems like "Residents" are more unemployed compared to the foreign talents. I guess the unemployment rate for foreign talents must be below 1.6%, else it won't be able to move the overall unemployment from 4.8% to 3.2%.
I think you guess wrong
More foreign workers lost their jobs. And they don't stay around to be part of the "unemployed population". They go home.
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Originally posted by skythewood:
I think you guess wrong
More foreign workers lost their jobs. And they don't stay around to be part of the "unemployed population". They go home.
Wrong? Can you point out which part of my statement was wrong?
You misunderstood the whole statement and drew the wrong conclusions.
So from your statement are you saying that there are no unemployed population of foreign talents here?
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Foreign talents are displacing Singaporeans from jobs here.
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April 24, 20094 in 10 laid off foreigners
FOUR out of 10 workers laid off last year were foreigners, according to latest figures from the Manpower Ministry (MOM).The proportion is a 10-year high, and analysts say it shows that contrary to popular belief, Singaporeans have not unfairly borne the brunt of layoffs in the current recession.
'A lot of foreigners are employed in lower-skilled service industries which slowed down in the later part of last year, so they have been affected,' said Nanyang Technological University economist Choy Keen Meng.
A total of 16,880 workers lost their jobs last year, double the figure for 2007. Of these, 13,920 were retrenched and 2,970 had their contracts terminated prematurely.
The bulk of those in the latter group - 2,380 - were foreigners.
Of the 13,920 retrenched, 9,770 were locals - Singaporeans and permanent residents - and 4,140 foreigners.
As MOM pointed out, the proportion of foreigners laid off last year broadly reflects their presence in the workforce.
Foreigners made up 36 per cent of Singapore's workforce last December.
In actual numbers, they form 1.2 million of Singapore'sl population in June, driving it to a record 4.84 million.
The number of layoffs last year is the highest since 2003.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_368093.html
Read what i said. You misunderstood what i said and draw the wrong conclusion.
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I do not know what's the numbers or % of people who are jobless. But I feel sad very sad when I see the one who is out of job is a singaporean, and not only one, many...
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Originally posted by skythewood:April 24, 20094 in 10 laid off foreignersFOUR out of 10 workers laid off last year were foreigners, according to latest figures from the Manpower Ministry (MOM).
The proportion is a 10-year high, and analysts say it shows that contrary to popular belief, Singaporeans have not unfairly borne the brunt of layoffs in the current recession.
'A lot of foreigners are employed in lower-skilled service industries which slowed down in the later part of last year, so they have been affected,' said Nanyang Technological University economist Choy Keen Meng.
A total of 16,880 workers lost their jobs last year, double the figure for 2007. Of these, 13,920 were retrenched and 2,970 had their contracts terminated prematurely.
The bulk of those in the latter group - 2,380 - were foreigners.
Of the 13,920 retrenched, 9,770 were locals - Singaporeans and permanent residents - and 4,140 foreigners.
As MOM pointed out, the proportion of foreigners laid off last year broadly reflects their presence in the workforce.
Foreigners made up 36 per cent of Singapore's workforce last December.
In actual numbers, they form 1.2 million of Singapore'sl population in June, driving it to a record 4.84 million.
The number of layoffs last year is the highest since 2003.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_368093.html
Read what i said. You misunderstood what i said and draw the wrong conclusion.
Ermm......
Which part of my original statement was wrong? Maybe you can point it out?
"Seems like "Residents" are more unemployed compared to the foreign talents. I guess the unemployment rate for foreign talents must be below 1.6%, else it won't be able to move the overall unemployment from 4.8% to 3.2%."
4 out of 10 foreigners unemployed does little to tell us the underlying data. What industries do these displaced foreigner come from? Construction? Construction is not one of the contestatble industry for Singaporeans, their displacement would have done little to help the overall Singaporean job market. If proportionately these retrenched workers are from the construction industry, then the figures for the service and professional industry will be consequently lower, hence depriving more Singaporeans of job in these sectors, jobs which Singaporeans will ordinarily choose unlike construction jobs.
Do these retrenched foreign workers get new jobs after they were retrenched?
Based on demographics, Singapore's population increased to about 5 million earlier this year, surely the bulk of the growth in population is prima facie that the increase was due to foreigners. Perhaps the laxed immigration policies at ICA approved many employed permanent residents and citizens, that's why figures for unemployment for Singapore born citizens are lower, it's all been agglomerated. Surely the drastic increase in population is attributed to foreigners and not locally born Singaporeans. I hope you can see that.
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Originally posted by deepak.c:
Ermm......
Which part of my original statement was wrong? Maybe you can point it out?
"Seems like "Residents" are more unemployed compared to the foreign talents. I guess the unemployment rate for foreign talents must be below 1.6%, else it won't be able to move the overall unemployment from 4.8% to 3.2%."
4 out of 10 foreigners unemployed does little to tell us the underlying data. What industries do these displaced foreigner come from? Construction? Construction is not one of the contestatble industry for Singaporeans, their displacement would have done little to help the overall Singaporean job market.
Do these retrenched foreign workers get new jobs after they were retrenched?
Based on demographics, Singapore's population increased to about 5 million earlier this year, surely the bulk of the growth in population is prima facie that the increase was due to foreigners. Perhaps the laxed immigration policies at ICA approved many employed permanent residents and citizens, that's why figures for unemployment for Singapore born citizens are lower, it's all been agglomerated. Surely the drastic increase in population is attributed to foreigners and not locally born Singaporeans.
sure. foreign workers are more unemployed than residents.
The rest of your stuff i didn't bother to read, so that's that.
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Originally posted by skythewood:
sure. foreign workers are more unemployed than residents.
The rest of your stuff i didn't bother to read, so that's that.
Oh dear!You have a comprehension issues.
Read eagle's last paragraph post again.
"Reflecting the sharp deterioration in economic conditions, the overall unemployment rate rose from 2.5% in December 2008 to 3.2% in March 2009. Among the resident labour force, the unemployment rate increased from 3.6% in December 2008 to a five-year high of 4.8% in March 2009."
Surely you understand that if you and 5 of your friends only have an average of $10 and the overall average (8 persons) are $20, you definitely need more money from the other 2 person to bring up the aveages to $20. It's simple logic.
Your first statement is a clear show of comprehension issues, read my original post again. Since when did I say "foreign workers are more unemployed than residents"?
For your benefit, the original post attached:
"Seems like "Residents" are more unemployed compared to the foreign talents. I guess the unemployment rate for foreign talents must be below 1.6%, else it won't be able to move the overall unemployment from 4.8% to 3.2%.
"Judging from basic comprehension errors, I don't expect you to understand it even if you read it.
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ok than.
Just keep in mind that foreign workers are here to work. when they get laid off, they leave and go home, so the numbers is not representative of the employment rate of residents versus foreign workers. Your money example is a very poor example of the situation and is very very misleading. Comprehend that.
What is unemployed foreign workers doing in singapore anyway?
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Over my dead body the unemployment rate is so low.
We all know the MOM "massage" the figures to show they, the NUTC and the government are working very hard to protect the rice bowls of the locals (I mean native Singaporeans).
Really feel like puking....
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luckily im still studying...
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We all know the MOM "massage" the figures to show they, the NUTC and the government are working very hard to protect the rice bowls of the locals (I mean native Singaporeans).
I actually believe the figures cos lotsa Singaporeans flock IT Fair, Shopping Fair, Travel fair...
And I see long Qs at restuarants and eateries.
And I see lotsa of people flocking Capita Malls...
Oh Capita Malls, managed by, OMG...no wonder....
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As long as you are in a job, you will always worry about being retrenched/sacked
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at least sg government doing their part to save us...
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luckily im still studying...
Good Boy/Girl, Don't anyhow spent your parent's money okay.
Free, stay home and study and play game.
Don't like to stay home/study, go work part time, earn your own money. If I see you hanging around chor boh, Uncle Dotaro smack your backside then you know..
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As long as you are in a job, you will always worry about being retrenched/sacked
Depends on your jobscope lah.
If yours is specialised type of job, nobody in your company know one, then yours is safe.
So for Sales job, can be quite dangerous, unless you are top sales or you control the top clientes of your com.
For office/admin type, even worst, anybody can replace you.
For engineering, ah...that's different....
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specialised type of job also no use... if company want to close down or collapse, you are still gone...
worse still, because of being so specialised, you will either be over qualified... or there's little vacancies around for u...
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Originally posted by dotaro:
Good Boy/Girl, Don't anyhow spent your parent's money okay.
Free, stay home and study and play game.
Don't like to stay home/study, go work part time, earn your own money. If I see you hanging around chor boh, Uncle Dotaro smack your backside then you know..
my parents gd to me... always sponsor me