According to the full-year employment report by the Ministry of Manpower (MOM), unemployment rate has hit an all-time high of 3.3% for citizens. A record of 57,700 Singaporeans were unemployed as of December 2017, and retrenchment figure is also at a high of 14,340 for the whole of 2017.
MOM however tried to cherry-pick statistics, claiming that “more locals have jobs”. For example, the MOM selectively chose to highlight the last quarter of 2017 where employment figures looked better than the rest of the year. The MOM also fudged the employment figures, by including foreigners and using the term “residents”, which consists of foreigners on permanent residency.
There is no mention on salaries growth.
MOM also published a misleading conclusion claiming that employment figures in 2017 are improving:
“In line with the pick-up in economic growth and continued upgrading of the workforce, growth in local employment and median income of citizens improved in 2017.”
Manpower Minister Lim Swee Say did not comment on the damning employment report.