PRs in workforce, as % of PRs population increased to a high of 80%, from 59%?

PRs

The No. of PRs in the population, seems to be declining, from

541,000 in 2010 to

521,000 in 2020 to

488,700 in 2021 to

519,500 in 2022

https://www.singstat.gov.sg/……/population2022.ashx (page 9)

However, the No. of PRs in the workforce, as a % of the PRs population, has been increasing as follows:-

79.7% 2022 (413,810 PRs in workforce)

68.4% 2021 (334,375)

70.2% 2020 (365,605)

59.3% 2010 (321,017)

(estimates, computed from the unemployment rates & No. of unemployed Residents & Citizens)

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

(Note: The above 4 years, are the only 4 years, since 2010, that are given in the report)

What do the above statistics mean?

Could it possibly be that over the last 12 years or so – there was an increasing trend of most of the new PRs granted, or who stayed on in Singapore, were workers in the workforce, rather than dependents?

Also, although it may seem that the PRs population has been declining – the number of PRs who may arguably, be competing with S’poreans for jobs, may have been increasing

 

https://www.facebook.com/laoliang/posts/pfbid0cPG6gngi2T3WEoFrYdcvxRmoC2GunkGLJw5dWhXn1nCk3qFW6okYmeYmgZcEKD7hl

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.