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What does it mean when the overall unemployment rate drops marginally to 1.9% in September 2012 from 2.0% a quarter ago, while the unemployment rates for residents and Singapore citizens were unchanged at 2.8% and 3.0% respectively?
Well, what it may mean is that Singaporeans may be relatively worse off than foreigners and permanent residents (PRs), in terms of the rate of change of unemployment.
Who ‘really’ benefits more from employment creation?
With total employment creation of 121,400 in the last four quarters, why is it that the unemployment rate of citizens has remained unchanged, whilst the overall unemployment rate has dropped? Does this mean that the employment creation (jobs) benefited foreigners more than citizens? Did the majority of the jobs that we have been creating go to foreigners?
How many unemployed?
- http://leongszehian.com/?p=1991
Well, what it may mean is that Singaporeans may be relatively worse off than foreigners and permanent residents (PRs), in terms of the rate of change of unemployment.
Who ‘really’ benefits more from employment creation?
With total employment creation of 121,400 in the last four quarters, why is it that the unemployment rate of citizens has remained unchanged, whilst the overall unemployment rate has dropped? Does this mean that the employment creation (jobs) benefited foreigners more than citizens? Did the majority of the jobs that we have been creating go to foreigners?
How many unemployed?
- http://leongszehian.com/?p=1991