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     Previous FrontPage Edition 1 Feb 2005

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Employment situation in 4th Quarter 2004

 

Table 1: Employment

(In Thousands)

Employment Change

(Compared to preceding period)

Employment Level as at Dec 04 p

Annual

Quarter

2003

2004 p

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04p

Total

-12.9

66.2

16.2

13.7

10.9

14.1

27.5

2,201.3

Manufacturing

-4.9

26.7

4.1

6.1

6.4

8.5

5.7

446.7

Construction

-17.5

-9.1

-2.0

-3.6

-2.7

-1.7

-1.0

226.3

Services

8.0

49.9

12.0

11.4

8.0

7.1

23.3

1,516.4

Others*

1.5

-1.3

2.1

-0.2

-0.7

0.1

-0.5

11.9

P: Preliminary estimates

*: Includes agriculture, fishing, quarrying and utilities.

Data may not add up to the total due to rounding.

 

Table 2: Retrenchment

Annual

Quarter

2003

2004P

4Q 03

1Q 04

2Q 04

3Q 04

4Q 04P

Total

16,400

9,900

2,784

2,962

2,055

1,967

2,900

Manufacturing

7,352

4,400

1,276

1,549

750

767

1,300

Construction

657

400

112

82

187

58

100

Services

8,114

4,900

1,356

1,205

1,102

1,060

1,500

Others*

277

200

40

126

16

82

-

P: Preliminary estimates

-: negligible

*: Includes agriculture, fishing, quarrying and utilities.

Data on retrenchment pertain to private sector establishments each with at least 25 employees.

 

Table 3: Unemployment Rate

 

Dec 03

Mar 04

Jun 04

Sep 04

Dec 04p

Seasonally Adjusted

Overall (%)

4.6

4.5

4.3

3.6

3.7

Resident (%)

5.0

5.2

5.0

3.9

4.0

Non-Seasonally Adjusted

Overall (%)

4.9

3.8

5.3

3.1

3.9

Resident (%)

5.5

4.3

5.9

3.5

4.3

P: Preliminary estimates

Notes:

The seasonally adjusted unemployment rate time series has been revised using the latest set of seasonal factors updated in line with standard seasonal adjustment procedure. The revision is done annually at the start of the year, taking into account observations for the latest available year. Arising from this, September 04 seasonally adjusted overall unemployment rate has been revised from 3.4% to 3.6%.

Explanatory Notes:

Employment

Source

Administrative records of the Central Provident Fund (CPF) Board and the Work Pass Division, Ministry of Manpower. The self-employed component is estimated from the Labour Force Survey.

Coverage

The employment statistics covers all persons in employment i.e. employees and the self–employed. It excludes males who are serving their 2-year full-time national service liability in the Singapore Armed Forces, Police and Civil Defence Forces.

Concepts and Definitions

Employment change refers to the difference in the employment level at the end of the reference period compared with the end of the preceding period.

Uses and Limitations

This data series allows the user to identify individual industries where employment is growing or stagnating. An analysis of the data over time also helps in understanding the impact of economic cyclical and structural changes on the demand for workers. Detailed data are published in the quarterly Labour Market Report.

The change in employment over time is the net result of increases and decreases in employment i.e. net of inflows and outflows of workers. Users should not mistake an increase in employment as gross job creation.

 

Unemployment

Source

Labour Force Survey

Coverage

The survey covers the population living in private households on the main island of Singapore. It excludes construction workers living in worksites; persons commuting daily from abroad to work in Singapore; persons living in dormitories or workers’ quarters at the workplace; persons living in institutional households; and persons on board ships and boats.

Concepts and Definitions

Unemployed Persons refer to persons aged 15 years and over who were without work during the survey reference period but were available for work and were actively looking for a job. They include persons who were not working but were taking steps to start their own business or taking up a new job after the reference period.

Source

Labour Force Survey

Coverage

The survey covers the population living in private households on the main island of Singapore. It excludes construction workers living in worksites; persons commuting daily from abroad to work in Singapore; persons living in dormitories or workers’ quarters at the workplace; persons living in institutional households; and persons on board ships and boats.

Concepts and Definitions

Unemployed Persons refer to persons aged 15 years and over who were without work during the survey reference period but were available for work and were actively looking for a job. They include persons who were not working but were taking steps to start their own business or taking up a new job after the reference period.

 

Retrenchment

Source

Labour Market Survey

Coverage

The survey covers private sector establishments each with at least 25 employees.

Concepts and Definitions

Retrenchment refers to the termination of employment of a permanent employee due to redundancy.

Uses and Limitations

Data on retrenchment are useful in the analysis of re-structuring or ailing industries. Detailed data are published in the quarterly Labour Market Report.

The number of persons retrenched (flow) should not be confused with persons unemployed (stock). Not all persons retrenched will be unemployed as some will be re-employed or decide to leave the workforce. Similarly, the pool of unemployed persons comes not only from retrenchments, but also from new entrants to the labour force such as school leavers and the economically inactive who decide to re-join the workforce.

 

Source: Ministry of Manpower Press Release 31 Jan 2005

 

 

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