Umemployment in Singapore more than 500,000

[Watchman]

Umemployment in Singapore more than 500,000

 

[tonychat]

any news clipping?

 

[newyorker88]

Pls quote your sources.

 

[Watchman]

2009 Singapore GDP growth forecast maintained at -9.0 to -6.0 per cent


Thu, May 21, 2009
AsiaOne


SINGAPORE - The Ministry of Trade and Industry (MTI) announced today that it will maintain the GDP growth forecast for 2009 at -9.0 to -6.0 per cent.

Singapore's economy contracted by 14.6 per cent on a quarter-on-quarter, seasonally adjusted annualised basis in first quarter of 2009, compared to the decline of 16.4 per cent recorded in the last quarter of 2008.

However, in year-on-year terms, real GDP contracted by 10.1 per cent in the first quarter of 2009.


All major sectors of the economy experienced further quarter-on-quarter declines, except for construction and financial services.

Manufacturing contracted by 26.6 per cent, worse than the previous quarter?s contraction of 21.3 per cent. It is weighed down by continued weakness in electronics, biomedical manufacturing, precision engineering and chemicals.

The services producing industries contracted by 10.3 per cent, less than the 15.0 per cent decline in the previous quarter.

Inflation

Meanwhile, CPI inflation has slowed significantly to 2.1 per cent in the first quarter of 2009, down from 5.4 per cent in the fourth quarter of 2008.

This has mainly been due to a downward correction of global commodity prices from the peaks in 2008.

CPI inflation is estimated to continue to fall in the coming months.

For 2009, the forecast for CPI inflation is maintained at -1.0 to 0 per cent


With this figures you won't need news report !

 

[johnny333]

Umemployment in Singapore more than 500,000

Is the this from the 66% or 33%

Wouldn't be surprise if the gov't has some idea. That could be why they haven't held early elections yet

 

[newyorker88]

2009 Singapore GDP growth forecast maintained at -9.0 to -6.0 per cent


CPI inflation is estimated to continue to fall in the coming months.

For 2009, the forecast for CPI inflation is maintained at -1.0 to 0 per cent


With this figures you won't need news report !

If that is true, and REAL singkee population( local born) in singapore is about 2.7 million, then, we have a 20% jobless rate in singapore liao, among singaporeans. Not to mention how many are in the working age group.

Are you sure it is that bad? I am not in singapore to figure it out.

 

[Watchman]

If that is true, and REAL singkee population( local born) in singapore is about 2.7 million, then, we have a 20% jobless rate in singapore liao, among singaporeans. Not to mention how many are in the working age group.

2.7 million ? that's like 8 years ago !

Now we hit almost 5.6 Million !

Always 1++ million FTs blue, white collars, PRs and permit holders of all colours !


http://www.singstat.gov.sg/pubn/reference/sib2009.pdf

Singapore … to government statistics, the population of Singapore as of 2008 was 4.84 million, of whom 3.64 million were Singaporean citizens …

You can google this exact line on a search engine. It should generate a result.
From that time our Immigration Dept grant a variable amount of influx of between 14,000 - 20,000 new citizens per month into Singapore ! Which month was not mentioned as of 2008 .

 

[newyorker88]

Now we hit almost 5.6 Million !

Always 1++ million FTs blue, white collars, PRs and permit holders of all colours !


http://www.singstat.gov.sg/pubn/reference/sib2009.pdf

Singapore … to government statistics, the population of Singapore as of 2008 was 4.84 million, of whom 3.64 million were Singaporean citizens …

You can google this exact line on a search engine. It should generate a result.
From that time our Immigration Dept grant a variable amount of influx of between 14,000 - 20,000 new citizens per month into Singapore ! Which month was not mentioned as of 2008 .

You sure on the numbers? Population 5.6 million? That is a crazy number. Increase of 800k in 6 months? Cant be lah.