Singapore Workforce, 2012

Satisfactory Essays
Singapore Workforce, 2012

 Singapore‟s resident labour force grew faster in 2012, reflecting the increase in resident labour force participation rate to a new high1 of 66.6% in 2012 from 66.1% in 2011. The resident labour force rose by 1.9% over the year to 2.12 million in June 2012, up from the growth of 1.6% in 2011. Nevertheless, this was substantially below the average increase of 2.6% p.a. from 2002 to 2012, reflecting the slower growth in resident population in recent years.
 With the rise in labour force participation rate and continued strong employment creation, the employment rate rose to another new high1
. 78.8% of the resident population aged
25 to 64 were employed in 2012, up from 78.0% in 2011.
 The employment rate for older residents increased at a faster pace, amid the tight labour market and measures to improve the employability of older residents, including the implementation of the re-employment legislation and the enhanced Special Employment
Credit earlier this year. 64.0% of residents aged 55 to 64 were employed in 2012, higher than 61.2% in 2011. Both the employment rate for older males (from 76.4% to 79.7%) and females (from 46.3% to 48.1%) rose to new highs1
 Both professionals, managers, executives & technicians (PMETs) and non-PMETs experienced employment gains over the year. Driven by the strong increase in clerical, sales & service workers (7.0%) which outweighed the decrease in production & related workers (-1.8%), resident non-PMET employment increased by 2.7% in 2012, faster than the growth of 1.5% for PMETs. Consequently, the PMET share of resident employment dipped from 52.2% in 2011 to 51.9% in 2012. This was still higher than the 44.6% in
2002 as PMETs experienced faster employment growth (4.5% p.a.) than non-PMETs
(1.4% p.a.) over the decade. Similar trends were observed for professionals, managers
& executives (PMEs), whose share of resident employment rose from

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