Breaking news: Update (7 Dec) Unemployment – Workforce: 55% (est.) non-native S’poreans?

update(7 Dec)

“Singapore unemployment rates hold steady at pre-Covid levels in October” (BT, Dec 7)

60,800 unemployed citizens divided by 3.0% unemployment rate = 2,026,667 citizen workforce

67,700 unemployed residents divided by 2.8% unemployment rate = 2,417,857 resident workforce

PRs workforce = 391,190 (2,417,857 – 2,026,667)

77,500 unemployed overall divided by 2.0% unemployment rate = 3,875,000 overall workforce

Foreign workforce = 1,457,143 (3,875,000 – 2,417,857)

(Oct 2022 seasonally adjusted)

https://stats.mom.gov.sg/Pages/UnemploymentTimeSeries.aspx

(Note: The above estimates are derived from the respective unemployment rates & the No. of unemployed)

Breakdown of total workforce (est.):

37.6% foreign (1,457,143)

10.1% PRs (391,190)

52.3% citizens (2,026,667)

47.7% (est.) non-S’porean (foreigners + PRs)

6.8% (est.) (13% x 52.3%) (13% citizen workforce not born in S’pore)

(Parliamentary debate, Jul 2021)

0.5% (est.) (est.1% x 52.3%) (est. 1% citizen workforce born in S’pore as non-citizens) (6,959 non-citizen births in 2021 (38,672 total live-births – 34,183 resident live-births – 31,713 citizen births))

https://tablebuilder.singstat.gov.sg/table/TS/M810091

55% (est.) (37.6 + 10.1 + 6.8 + 0.5%) (non-native citizens in workforce (including citizens not born in S’pore & citizens born in S’pore as non-citizens))

#SGIssuesThatMatter

 

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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.