The latest unemployment estimate was around 2.6% or (3.4% for
Singapore resident). However....
According to Singapore trade statistic, Singapore overall
population has grew by 2.6% or 111,100 in 2005. Consider the
declining birth rate in Singapore, the only reason for this
increase will have to be foreign talents and PRs, and majority will
be here with a job.
Hence in absolute terms, i believe there might still be a
significant of Singaporeans that is still unemployed despite the
economic recovery.
What do you think?
