May Day message: No mention of S’poreans’ unemployment rate?

Photo: jobsfinder.orgPhoto: jobsfinder.org

I refer to the article “Unemployment could rise further: Lim Swee Say” (Channel NewsAsia, Apr 28).

It states that “He noted that retrenchments are on the rise and the resident unemployment rate increased to 3 per cent last year, after holding steady at about 2.8 per cent since 2012.”

No non-seasonally adjusted S’poreans’ unemployment data?

Why is there no mention of the citizens’ unemployment, since it is now shown in all Ministry of Manpower (MOM) labour reports?

Missing statistics?

Why is it that the last labour market report no longer contains the non-seasonally adjusted unemployment rate for citizens and residents, and the number of unemployed citizens and residents?

4.1% unemployment rate, 92,300 unemployed S’poreans in June 2016?

Since the non-seasonally adjusted unemployment rate for citizens was 4.1 per cent in June last year and the number of unemployed citizens was 92,300, compared to the average annual unemployment rate for citizens of 3.1 per cent and 67,300 unemployed citizens in December last year – you can see that there may be a very big difference between the non-seasonally adjusted (4,1%, 92,300 in June) and the average annual data (3.1%, 67,300 in December).

So, what is the latest non-seasonally statistics for Singaporean workers, as it is now long overdue, since the last reported fugures for June last year?

Are we possibly looking at around five per cent and over 100,000 unemployed Singaporeans?

Leong Sze Hian

 

 

About the Author

Leong
Leong Sze Hian has served as president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), invited to speak more than 200 times in over 30 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of Indonesia and Brunei. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.