How does MOM arrived at the Singapore Unemployment Rate

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How does MOM arrived at the Singapore Unemployment Rate

Postby WeiHan » Thu Jan 24, 2013 7:43 pm

Can anyone enlighten me?

For example, America uses unemployment benefits registration to arrive at it. What about Singapore?

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Re: How does MOM arrived at the Singapore Unemployment Rate

Postby 3Boys » Thu Jan 24, 2013 8:33 pm

WeiHan wrote:Can anyone enlighten me?

For example, America uses unemployment benefits registration to arrive at it. What about Singapore?


Try this, not sure if it's authoritative, FWIW.

http://www.tradingeconomics.com/singapo ... yment-rate

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Re: How does MOM arrived at the Singapore Unemployment Rate

Postby concern2 » Fri Jan 25, 2013 6:45 pm

"The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment."

Interesting. I've also wondered how they identify who is looking for jobs or not, and who has stopped looking for employment. :scratchhead:

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Re: How does MOM arrived at the Singapore Unemployment Rate

Postby Brycen » Thu Feb 21, 2013 5:52 pm

Unemployment rate is defined by dividing the unemployed worker to the number of person who have age to do work or at the age early before the retirement.In USA you can get that data from labor stat department.So if you have such kind of data base in Singapore you can easily defined it and its helpful to improve the economy of a country and increase the job opportunities to reduce unemployment .
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Last edited by Brycen on Mon Feb 25, 2013 1:07 pm, edited 1 time in total.

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Re: How does MOM arrived at the Singapore Unemployment Rate

Postby Irrelevant » Thu Feb 21, 2013 8:38 pm

Took me like 5 mins to find this link:

Labour force survey FAQ

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