90% of unemployed residents are Singaporeans?

May 11, 2012

Posted by theonlinecitizen on May 11, 2012

~ By Leong Sze Hian ~

I refer to the Ministry of Manpower’s (MOM) Employment Situation First Quarter report. (here)

It states that “An estimated 59,100 residents, including 52,800 Singapore citizens were unemployed in March 2012. The seasonally adjusted figures were 64,000 for residents and 57,700 for citizens”.

This means that about 90% of unemployed residents were Singaporeans.

Unemployment rate rose more for citizens

The seasonally adjusted overall unemployment rate also increased much more for citizens from 3.0% and 3.2%, from December 2011 to March 2012, compared to from 2.9% to 3.0% and 2.0% to 2.1%, for residents and the total workforce, respectively.

“Total employment is estimated to have grown by 27,400 in the first quarter of 2012. The increase was lower than the seasonal high of 37,600 in the fourth quarter and the 28,300 in the first quarter of 2011”

About the Author

Leong

Leong Sze Hian has served as the 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), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.