Singapore citizen employment rate on the rise, latest news from Singapore

The employment rate of Singaporean citizens has increased in 10 years, as has the share of Professionals, Managers, Managers and Technicians (PMETs) among working Singaporeans.

Their median real income, which takes inflation into account, has also grown faster than that of the overall resident labor force, which includes permanent residents (PRs).

Unemployment of citizens, meanwhile, remained low.

New figures on these trends were released yesterday by the Ministry of Manpower (MOM) in an occasional document on citizens in the workforce.

As citizens make up about 85 percent of the resident labor force, their trends closely follow those of resident data, MOM said in the report based on data from June 2009 to June of last year.

There were 2.33 million residents in the labor force as of June of last year, including 1.97 million Singaporeans and 360,000 RP.

Employment outcomes for citizens may be slightly lower than for the resident population at large, as people generally need to demonstrate good employability to gain PR status, the ministry said.

The employment rate for citizens rose to 63.6 percent last year from 60 percent in 2009, driven by workers aged 65 and over.

Meanwhile, the resident rate remained 1.4 to 1.7 percentage points higher, rising to 65.2% last year from 61.6%.

In addition, the employment rate of working-age citizens – those between 25 and 64 years of age – fell from 75.6 percent to 80.5 percent.

Employment rates for citizens and residents can diverge over time as the population ages, with older cohorts typically having lower employment rates, MOM said. About 27 percent of working-age citizens are in the 55-64 age bracket, compared to 10 percent of working-age PRs.

Among employed citizens, the share of PMETs climbed to 55.8 percent last year, from 47.4 percent in 2009. For residents, the corresponding figures are 58.3 percent and 51.4 percent. hundred.

Manpower Minister Joséphine Teo said in a Facebook post yesterday that “there is no grim reason” why data on residents is not broken down between citizens and PR.

“At the international level, statistical agencies cover the entire population residing in their country without a breakdown by nationality. The objective is complete data coverage, so that analyzes and comparisons are precise and meaningful,” he said. she declared.

Citizens have fared slightly better than residents when it comes to growth in the income of full-time workers, with real median income increasing, on average, by 3.9% each year between June 2014 and June of last year.

These preliminary figures for gross monthly income include employer contributions to the Central Provident Fund.

For residents, the growth in real median income was 3.8%.

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