02-04-2024, 08:44 PM
(02-04-2024, 07:33 PM)ArielCasper Wrote: "Singapore's resident employment rate in 2023 was 66.2 per cent, while resident unemployment and long-term unemployment rates remain at 2.7 and 0.7 per cent, respectively."
But doesn't add up to 100% leh. What happened to the remaining 30%?
Or the stat is only for those who voted pap. Those voted oppie no need to track, coz they die their problem.
Must understand the definition.
Residents refer to Singapore Citizens and Permanent Residents.
so if you concern is about Sporean you should read Sporean section here
https://stats.mom.gov.sg/Pages/Unemploym...Table.aspx
Persons are counted as unemployed, if they are not working, but are actively looking and available for work.
Higher participation value means many elder are working,
So minister feel is near 'full employment'
however retirement age is just increase in 2022
www.hcamag.com/asia/specialisation/diversity-inclusion/nearly-all-singaporeans-want-retirement-re-employment-ages-to-go-up/461014
Nearly all Singaporeans want retirement, re-employment ages to go ...
27 Sept 2023 ... Singapore in 2022 raised its retirement age to 63 and its re-employment age to 68 to give employers a bigger pool of talent to choose from.
https://www.singstat.gov.sg/find-data/se...atest-data
but participation rate dip in 2023.