Unemployment in Singapore

Hi Mr Tan,
I am a keen reader of your blog and I remember previously you were keeping track of employment and retrenchment statistics.

Just want to highlight that MOM recently updated their stats, and also included a new one: Re-Employment i.e. what percentage of retrenched workers were able to find another job within 6 months.

The numbers are not as nice as reported in the news:
1. For 2009, the overall unemployment rate is 3% while the unemployment rate for residents (incl. PRs) is 4.3%. This is higher than in 2001 and just slightly lower than for year 2002. If just looking just at citizens, the unemployment rate may be 5% or higher.

2. The total workers retrenched in 2009 is 19,500. This is similar to year 2002. If combined with 2008, the total number retrenched is 33,420. This is higher than in 1998.

3. Looking at the Re-Employment stats, the percentage of retrenched workers in 2009 who found another job within 6 months is only about 50% or less. This is worse than during the last long recession from 2001 to 2003.

Below is URL for MOM's main statistics page:
ttp://www.mom.gov.sg/publish/momportal/en/communities/others/mrsd/statistics.html

Ex-Con