The “Mystery” of what percentage of the Jobs Growth (<10%) in 2022 (1st 3 quarters) went to S'poreans, may have been solved?

The mystery

During the Live from Taipei with Terry Xu & Leong Sze Hian – Not Meaningful Roundup of 2022! (10 Jan 2023) – Terry mentioned something along the lines of “Why is it that only the 3rd Quarter Employment Growth has the breakdown into foreign workers and local workers, but there was no breakdown for the1st 2 Quarters?”

3rd Quarter Employment Growth

75,900 (71,100 foreign 93.7%, 4,800 locals 6.3%)……/Labour-Market-Report……

Someone also asked me if there is any way to derive an estimate, and my answer was “no way lah, not that I know of”

I kept this “question” at the back of my mind, and today, on the 1st day of the opening of the Chinese New Year – I think I may have found a way – there was a clue in the Labour Market Report 3rd Quarter 2022 – “With the latest increases, resident employment was 4.4% above its pre-pandemic level, while non-resident employment was still 3.9% below its pre-pandemic level”.

So, I searched for the 2019 (pre-pandemic) workforce statistics:

2,355,300 locals (62.3%) (S’poreans %?)

1,422,700 foreign (37.7%)

3,778,000 total › 2019 › Ch2_AES2019

Then, working backwards – to derive an estimate of the breakdown of the 1st 3 Quarters’ 2022 Employment Growth of 201,900, into foreign workers (91%) and locals (9%)

Since locals are S’poreans & PRs – the percentage of the Jobs Growth that went to S’poreans may be less than 9%

Another way of looking at it, may be that less than 1 in 10 Jobs Growth in the 1st 3 Quarters 2022, may have gone to S’poreans?


About the Author

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.