Singaporeans are losing more jobs to foreigners faster in 2019, according to the latest employment report from the Ministry of Manpower. Unemployment rate for citizens jumped by 10% from the nominal figure of 3% in 2018 to 3.3% in 2019.
Although total employment increased by 55,200, Singaporeans still suffer a net loss – meaning all new jobs plus existing ones in 2018 were given to foreigners.
The Singapore government is under contract in the CECA trade pact with India signed by Lee Hsien Loong to offer Indian nationals working rights in Singapore. Singapore has since seen an influx of Indian nationals taking up well-paying professional jobs especially in the IT sector.
Manpower Minister Josephine Teo tried to played down the bad news by fudging the unemployment rate by including foreigners who hold permanent residency:
“The unemployment rate has inched upwards since the start of 2018, with resident and citizen unemployment rates hovering at around the 3 per cent mark, these numbers are still lower than the 4 to 5 per cent figures seen in the previous decade. From that perspective, the unemployment rates for 2019 are a concern but they are not alarming.”
The manpower ministry also covered up statistics of income growth in 2019, and instead released a consolidated figure claiming income grew 4.6% per year over 5 years.