18 Oct '11, 10pm

Unemployment Truth.....the real statistics... #sgpolitics

Unemployment Truth.....the real statistics... #sgpolitics

One of the most peculiar things about our unemployment statistics is that it has always been released for the "resident" (PR+citizens) population so we don't know what the numbers are for Singaporeans. However, some light shed on 11 Oct 2011 when MoM finally released the numbers for citizens and here they are (extracted from the report " Singaporeans in the Workforce " : "Singaporeans have one of the highest employment rates internationally. The unemployment rate amongst citizens declined to 3.1% in June 2011, down from a high of 4.5% in 2009 during the recession." "Singaporeans have one of the highest employment rates internationally. With nearly eight in ten (77%) Singaporeans aged 25 to 64 employed in 2010, our employment rate surpassed that in the other Asian NIEs and many advanced economies. This has occurred because, although our citizen labour force participation ra...

Full article: http://singaporemind.blogspot.com/2011/10/unemployment-tr...

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