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Unemployment rate among residents go up to 5.9 per cent

jeremyyau555

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Loyal
The unemployment rate for Singapore residents hit 5.9 per cent in June this year, up from 4 per cent a year ago.

The rise was felt across all occupations and industries, according to the Labour Force Survey carried out in mid-2009 by the Ministry of Manpower’s Research and Statistics Department, which released the key findings on Monday morning.

For some strange reasons, the Ministry has grouped citizens and PRs together under the “resident” category meaning that the figures for unemployment rate among Singapore citizens remains a mystery.

According to Home Affairs Minister Wong Kan Seng, there were over 20,000 new citizens and 90,000 PRs last year.

In total, there are about 530,000 PRs in Singapore. It is not known if the inclusion of PRs in the “resident” category has helped to depress the unemployment figures to make it more “respectable”.

If PRs are taken out of the equation, the unemployment rate among Singapore citizens may be higher than 5.9 per cent.

The survey also found that among those in employment, the median income stabilised after rising significantly over the preceding two years.

It was not revealed the if the income of the high or low income group had risen the most.

Singapore has the highest income gap among developed countries after Hong Kong.

While the median wages of ordinary Singaporeans have not increased by much, the cost of living has sky-rocketed in the last few years, particularly that of public housing.

The price of HDB resale flats hit a record high in June this year, fueled partly by the influx of PRs into the market. An Indonesian PR forked out $653,000 for a 4-room HDB flat in Queenstown when he could have easily afforded a condominium.

The Manpower Ministry said the employment rate of older residents aged 55 to 64 remained at the record high of 57.2 per cent reached in 2008.

This may be attributed to the fact that many Singaporeans have to continue working beyond their retirement age in order to support themselves.

The government has provided few social welfare benefits for Singaporeans on the ground that it will create a “crutch” mentality.

Singaporeans are encouraged to work for as long as their health permits and to start their families young so that they will have children to take care of them when the grow old.

For those who are unable to work and have no children or relatives to support them, they are put on “Public Assistance” scheme which pay them a monthly living allowance of $330 a month.

When asked by PAP MP Dr Lily Neo a few years ago to increase the allowance which is then only $290 a month, Minister for Community, Youth and Sports Dr Vivian retorted:

“How much do you want? Do you want three meals in a hawker centre, food court or restaurant?”

Dr Vivian has recently unveiled a $10-million dollars mega Community Integration Fund to make the new citizens feel “welcomed” in Singapore.

The Ministry should consider breaking down the national unemployment rate into three categories: locals, new citizens and PRs to better reflect the situation on the ground.

Only then will Singaporeans know if PRs and new citizens are indeed “snatching” away their “rice-bowls” as is widely perceived.
 

annexa

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Loyal
Business Times
15 November 2009

While NUS disclosed only aggregated figures for senior management pay and had not yet released its annual report for 2009, the average salary for its top rung of administrators had increased by two-thirds in the four years to 2008.

The report also indicated that NTU paid its 'key management' a total of $2.7 million in 2008 compared to $1.7 million in 2007, an increase of almost 60 per cent. At SMU, its top earner broke the million-dollar barrier in the year to March. The unidentified person earned between $1 million and $1.05 million in the year to March, up from $900,000 to $950,000 in fiscal 2008.

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MOE better explain why school fees go up every year!

And why only TOP MANAGEMENT increase pay? Singapore nowsadays very die. If you manage to bluff your way up, you get more at the expense of below? Good lah gahmen. No wonder more and more people vote for you!
 

Equalisation

Alfrescian (Inf)
Asset
There are many lazy jobless fucks out there who can only cow beh cow boo. there are so many jobs waiting to be filled at Keppel anf Jurong shipyard. Fucking pussies !! One can earn $35k a yearon the average.
 

halsey02

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Asset
There are many lazy jobless fucks out there who can only cow beh cow boo. there are so many jobs waiting to be filled at Keppel anf Jurong shipyard. Fucking pussies !! One can earn $35k a yearon the average.

Call the following numbers, and ask...

1. Sembwang Shipyard 6752 2222
2. Keppel FELS 6865 6200
3. Keppel Tuas 6861 4141

if they have jobs for SINgaporeans ...which starts at 35K a yearor month?:rolleyes:
 

Equalisation

Alfrescian (Inf)
Asset
Originally Posted by ossy77
I can give a brief breakdown since I am in the marine industry for about 10 years.

A worker annual salary to hit 35k is not a surprise.

Apprentice
basic salary $1000.
$1000/22/8.8 = $5.2 per hour
Assuming an average of 60 hours of overtime at 1.5 times rate and 20 hours at double rate per month.
(60*1.5+20*2)*$5.2=$676 per month.
Assuming a mean bonus across Sembawang, ST Marine, Jurong and Keppel at 6 months bonus.

($1000+$676)*12+$1000*6= $26112 annually for an apprentice.

Some old bird having 10 to 15 years of experience still having the grade as a charge hand, their basic salary are capped at $1800 and they are eligible for Overtime incentives and their annual pay will be as below.

$1800/22/8.8 = $9.3 per hour
Assuming an average of 60 hours of overtime at 1.5 times rate and 20 hours at double rate per month.
(60*1.5+20*2)*$9.3=$1116 per month.

($1800+$1116)*12+$1800*6 = $45792

As for a newly graduated engineer, starting salary at $2600 and the starting salary will vary with different class of honors.

Hope I can clarify all those in doubts. This industry is full of dangers and politics. You need to start early and end late.
 

annexa

Alfrescian
Loyal
Business Times
15 November 2009

While NUS disclosed only aggregated figures for senior management pay and had not yet released its annual report for 2009, the average salary for its top rung of administrators had increased by two-thirds in the four years to 2008.

The report also indicated that NTU paid its 'key management' a total of $2.7 million in 2008 compared to $1.7 million in 2007, an increase of almost 60 per cent. At SMU, its top earner broke the million-dollar barrier in the year to March. The unidentified person earned between $1 million and $1.05 million in the year to March, up from $900,000 to $950,000 in fiscal 2008.

---------------------------------------------------
MOE better explain why school fees go up every year!

And why only TOP MANAGEMENT increase pay? Singapore nowsadays very die. If you manage to bluff your way up, you get more at the expense of below? Good lah gahmen. No wonder more and more people vote for you!

If oppos want to win erection. They must now start to support more equal pay structure! Like how Obama did it. Speak for the main street and tell the big pay bosses who screwed up to go to jail!
 

Watchman

Alfrescian
Loyal
More disinformation propaganda SHIT !
More older men at work
Employment rate for younger workers takes a dip
Dec 1, 2009

By Cassandra Chew
Income up by just 0.5 per cent last year

spur-samuelhe.jpg


THE income of Singapore workers has hardly moved, climbing a paltry $10 in one year to $2,600 this June. This rise in the median monthly income of full-time workers works out to a mere 0.5 per cent.

In contrast, their income last year soared by 11 per cent and in 2007, by 7.7 per cent.

Latest official figures also showed that part-timers did not fare much better.

Their increase was 3.33 per cent, from $600 last June to $620, said a Manpower Ministry survey released yesterday.

Despite the increases, the overall median income of resident workers, including permanent residents, went down.

The reason is the bigger pool of part-timers in the workforce, caused partly by a change in definition by the ministry, which conducts the survey annually in June.

Now, those who work fewer than 35 hours a week are classified as part-timers. Previously, it was below 30 hours.

As a result, the median income for all employed residents declined by 1.2 per cent to $2,420 a month compared to $2,450 a year ago.

The drop can also be traced to companies battling the recession with such cost-cutting measures as freezing salaries and reducing pay, said the president of the Singapore Chinese Chamber of Commerce and Industry, Mr Teo Siong Seng.

But Nanyang Technological University economist Randolph Tan argued that the very fact that income for full-timers rose reflects Singapore's relatively robust labour market compared with the United States and Europe.

However, the number of full-time, low-wage workers continues to decline for the third year in a row. This year, these workers who earn a maximum of $1,200 a month, totalled 275,000 and form 16.5 per cent of the total workforce.

Last June, the corresponding figures were 292,800 or 17.4 per cent.

Dr Tan believes skills training played a key role in elevating these workers, into a higher income bracket.

CASSANDRA CHEW

The rate for older men rose from 73.8 per cent to 74.7 per cent. The rise was a pleasant surprise to labour experts. -- ST PHOTO: SAMUEL HE


DESPITE the downturn, the number of older men employed in Singapore is at a record high.

The momentum was such that even a dip in the employment rate for older women did not pull down the overall rate for this group of workers, aged 55 to 64.

It held steady at last year's record high of 57.2 per cent, according to a Ministry of Manpower (MOM) survey released on Monday.

This, despite the global recession forcing Singapore employers to hire at a slower pace, according to the annual labour force survey carried out in June.

For the first time in six years, the employment rate fell for the pool of almost two million Singapore residents aged 25 to 64, including permanent residents. It slipped from 77 per cent to 75.8 per cent this June.

By contrast, the rate for older men rose from 73.8 per cent to 74.7 per cent.

The rise was a pleasant surprise to labour experts.

Read the full story in Tuesday's edition of The Straits Times.


[email protected]
 

annexa

Alfrescian
Loyal
They are so proud that Sinkies must fight and kill sinkies for lower wage. Good job MIW good job!
 

Equalisation

Alfrescian (Inf)
Asset
Locals are too choosy and generally pussies. There are many jobs to be filled at our shipyards where one can earn $35 k per year. Here's the workings:

Originally Posted by ossy77
I can give a brief breakdown since I am in the marine industry for about 10 years.

A worker annual salary to hit 35k is not a surprise.

Apprentice
basic salary $1000.
$1000/22/8.8 = $5.2 per hour
Assuming an average of 60 hours of overtime at 1.5 times rate and 20 hours at double rate per month.
(60*1.5+20*2)*$5.2=$676 per month.
Assuming a mean bonus across Sembawang, ST Marine, Jurong and Keppel at 6 months bonus.

($1000+$676)*12+$1000*6= $26112 annually for an apprentice.

Some old bird having 10 to 15 years of experience still having the grade as a charge hand, their basic salary are capped at $1800 and they are eligible for Overtime incentives and their annual pay will be as below.

$1800/22/8.8 = $9.3 per hour
Assuming an average of 60 hours of overtime at 1.5 times rate and 20 hours at double rate per month.
(60*1.5+20*2)*$9.3=$1116 per month.

($1800+$1116)*12+$1800*6 = $45792

As for a newly graduated engineer, starting salary at $2600 and the starting salary will vary with different class of honors.

So get off your lazy butt and start applying, you pussy fucks !!
 
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