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Pre-Covid-19 Jobs Growth?

After posting “How many PME Jobs to S’poreans?” [LINK] – a few people asked me if I could do an analysis of the effect of Covid-19 on the employment growth statistics?

So, here’s an analysis of the employment growth statistics, primarily comparing 2020 (Covid) to 2019 (pre Covid).

Before Covid-19 struck in 2020, the foreign employment growth was 740,200, from 2005 to 2019.

It fell to 588,700 in 2020, because of the massive 181,500 (excl MDW) foreign employment contraction in 2020
Local employment growth was 771,900 up to 2019, with a 14,900 growth in 2020.

So, if not for Covid-19, the foreign employment growth (740,200) was almost as much as the local employment growth (771,900).

However, we may need to note that 608,033 new PRs were granted during the same 14-year period, from 2005 to 2019.

If say 60% of the new PRs granted are in the workforce – 364,820 (60% x 608,033) foreign workers (mostly likely to be PMEs) may have been converted to local employment growth.

Thus, the local employment growth after adjusting for this 364,820, may be about 407,080 (771,900 – 364,820) (most likely to be non-PMEs, as there were an estimated 365,100 local PMEs employment growth from 2005 to 2019 (380,000 local PMEs growth 2005 to 2020 – 14,900 in 2020, if we assume all this 14,900 were PMEs)).

So, in the final analysis:

1)Before Covid-19, most of the local PMEs employment growth (365,100) may have been due to the conversion of foreign PMEs (364,820) to new PR PMEs (counted as local employment growth).

2)Foreign employment growth (740,200) was almost as much as the local employment growth (771,900).

3)As there is no breakdown of “local” into S’poreans & PRs – how many of the local employment growth went to S’poreans?

 

 

Leong Sze Hian

 

 

yyy
READER COMMENTS BELOW

8 Responses to “Pre-Covid-19 Jobs Growth?”

  • abc:

    4G not to blame.
    Its their 3G LeeDer’s edicts,all the time.

    The 4G are just eunuchs bearing the edicts.

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  • Sinkies lost.:

    After you count those new Singaporeans, the real Sinkies lost. No job growth. More and more Sinkies jobless.

    PAP surviving on new voters. Sinkies die.

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  • Smart Nation:

    All muddled up and confused. Cannot decide whether to lockdown or not to lockdown; so call it Circuit Breaker. Want to stop virus from spreading but import them from other countries. Catch the small fishes for not wearing mask while the big fishes swim freely. Want to live with the virus but ban all dine-ins (except for wedding receptions with pre-test) and restrict social gatherings. What you get is a no-lockdown lockdown, aka CB Phase 2 (Heightened Alert)! Which DORSCON color would it be? Don’t hear much of DORSCON anymore. This time the virus is not confined to the FW dorms but spreading in the local community.

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  • Son of Singapore:

    I am a 3rd Generation Singaporean. I grew up in the late 60s and 70s (Potong Pasir Kampong and Joo Seng Road). My friends were an eclectic group of all races and while we knew we were different, we judged each other “Not by the colour of our skin but the content of our Character – Attributed to Martin Luther King Junior”.

    I do not wish to make my statements political, however it is is almost overbearing to see how we have degenerated as a society. I am speaking as a minority. I have experienced racism many a times in my life, however it was “more of a ignorance problem and not intentional. However, recently and at times in the near past, I have noticed that our political leaders havebeen using the “racism” to further their political ideology and agenda to suit their purpose. This is worrisome.

    I give some examples that stand out:

    1. The Elected Presidency – By reserving the Presidency for a Malay Candidate (It has been rumored she was identified as Indian by birth in her NRIC), the Government has not only brought and highlighted race into play (when no Malay Singaporeans were clamoring or crying out for a Malay President), it has made a dangerous and confusing racial/religious “distinction” by wrongfully assuming a person wearing a Tudung is a Malay. It is very obvious to all thinking Singaporeans, that this was just a move to keep Mr Tan Cheng Bock out of the race (guess they did not want OTC Part 2).

    On this same subject, if the Elected Presidency was designed to keep a rouge Government in check (designed by the the same Government in Power), logic would will lead to reason that the Elected President is ELECTED! Why then raise the qualifying criteria so high, that there is no election for an Elected President. I wonder under what moral or public authority she can or will speak up if she feels the Government is doing wrong.

    2. Total Defence

    I do not know how many of us remember “TOTAL DEFENCE’. It used to be 5 pillars and I think they added another one. Whatever, Economics while Important, is not the sum of everything. There are Social considerations for Singapore and Singaporeans.

    I remind all my fellow that the Singapore Police Force could not even handle “The LITTLE India Riots”, have we paused to think what would happen if there is another Indo/Sino (India/China} conflict and it becomes a war? With the hundreds of thousands and possibly millions (India/China National Nationals on passes and New Citizens),I am concerned that I as a Singaporean will be just collateral damage in a local riot.

    The thing that is obviously missing in current times, is the fact that “What is good for Singapore is not necessarily translating in real life into what is good for Singaporeans”. Take a step back, pause for while, reflect. Do any real working class Singaporeans feel your life has gotten better?

    I think while we are serving out this current restrictions lets take a time out to read “Animal Farm by George Orwell”.

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  • Whosr Fault Is It?:

    Blame it on Pinky.

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  • Handouts for The Poor:

    As more and more Singaporeans are now totally jobless or underemployed, it’s time for the Government-of-the-day to consider giving immediate additional handouts/payouts to affected people and their families knowing the year approaches its end, when their schoolgoing children’s needs of the forthcoming schoolyear are to be met with urgently.

    This year’s meagre $200+$300 disbursed to each eligible Citizen hardly made up for the colossal loss of income / diminished income, aggravated by the sharp increase in prices of food and other necessities due to the Covid19 inflicted demands.

    This coming July26 Parliament sitting should, without fail, discuss over the matter as urgent, to prevent more citizens from falling into Depression that drives them suicidal.

    All MPs, regardless of parties,should join hands in solidarity to come up with NATIONAL SOLIDARITY FUND, encouraging our Billionaires and Multimillionaires to come forward to sincerely chip in at least 5% of their Wealth. Their contributions are the Poor-&-Needy’s life-saving ropes.

    Tech: Sonner or later they will come up with some semblance of a BS for the businesses that have suffered, it will be a few more millions from the left hand to the right hand (Temasick will be laughing to the banks again since they have their noses in practically every businesses on the island). That’s as far as you can expect.

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  • MarBowling:

    Son of Singapore:
    July 22, 2021 at 10:32 pm (Quote)
    I am a 3rd Generation Singaporean. I grew up in the late 60s and 70s (Potong Pasir Kampong and Joo Seng Road). My friends were an eclectic group of all races and while we knew we were different, we judged each other “Not by the colour of our skin but the content of our Character – Attributed to Martin Luther King Junior”……..

    I think while we are serving out this current restrictions lets take a time out to read “Animal Farm by George Orwell”.

    Response: Great and Insightful comments by a True Blue Singaporean!

    Very CLEAR CUT and like a SORE THUMB, our BELOVED Country STARTS to SLIDE DOWN THE LOONG AND SLIPPERY SLOPE AFTER Lee Kayu HAD INSTALLED HIS DISHONOURABLE SON AS THE 3RD PEEM TO SQUAT ON THE IMPERIAL THRONE, PERIOD! VERY VERY SAD AND SEE PEH JIALAT!

    TO STOP THE ROT, THINK ALL THINKING FOLKS SHOULD DO THE NEEDFUL IN THE NEXT GE: JIALAT PAH ZIK aka Makan Six Throw OUT (Mai Hum and his PAPIGS)SEVEN!

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  • AristoCATs - Kosong ?:

    Non-Leaders opt for easy options. . .
    eg. OpenGate policy.
    -
    More than 39% should know the Power of the Ballot Box !

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