Unemployment Trends in Singapore- Labour Market Analysis

Singapore, officially the Republic of Singapore sometimes referred to as the Lion City, the Garden City or the Little Red Dot, is a sovereign city-state in Southeast Asia. Singapore is a global commerce, finance and transport hub. It’s standings include the most “technology-ready” nation (WEF), top International-meetings city (UIA), city with “best investment potential” (BERI), second-most competitive country, third-largest foreign exchange market, third-largest financial centre, third-largest oil refining and trading centre and the second-busiest container port. The country has also been identified as a tax haven. Singapore ranks 5th on the UN Human Development Index and the 3rd highest GDP per capita. It is ranked highly in education, healthcare, life expectancy, quality of life, personal safety, and housing. Singapore has a highly developed market economy. Singapore is the second-largest foreign investor in India. It is the 14th largest exporter and the 15th largest importer

Unemployment trends in Singapore.

Singapore traditionally has one of the lowest unemployment rates among developed countries. The unemployment rate did not exceed 4% from 2005 to 2014, hitting highs of 3.1% in 2005 and 3% during the 2009 global financial crisis; it fell to 1.8% in the first quarter of 2015 in the world. Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter of 2017, the same as in the prior two quarters, preliminary estimates showed. The jobless growth rate remained at its highest level since the December quarter 2010. In the three months to June, the jobless rate fell for residents (3.1 percent from 3.2 percent in the March quarter) and citizens (3.3 percent from 3.5 percent). Some 3,500 workers were laid off, lower than the first quarter (4,000) and a year ago (4,800). The decrease over the quarter was broad-based across industries. Total employment fell 7,800, lower than a decline in the preceding quarter (9,400), but a reversal from the growth a year ago (2,100). Unemployment Rate in Singapore averaged 2.45 percent from 1986 until 2017, reaching an all-time high of 6 percent in the first quarter of 1986 and a record low of 1.40 percent in the second quarter of 1990. Singapore’s seasonally adjusted unemployment rate edged up to 2.3 percent in the first quarter of 2017 from 2.2 percent in the fourth quarter 2016. It was the highest jobless rate since the December quarter 2009. Employment continued to grow in sectors such as community, social and personal services, and financial and insurance services.

Types of Unemployment

Singapore has experienced three main types of unemployment namely frictional, cyclical and structural unemployment:-

         Frictional unemployment is transitional unemployment due to people moving between jobs: Many are unemployed for a short time while searching for jobs. Imperfect information in the labour market may make frictional unemployment worse if the jobless are unaware of the available employment opportunities. This type of unemployment is common in all countries inclusive of Singapore.

          Cyclical unemployment is involuntary unemployment due to a lack of aggregate demand for goods and services. This is also known as Keynesian “demand deficient” unemployment and is associated with the transition of the economy through the business cycle. When there is an economic recession we expect to see a rising level of unemployment because of plant closures and worker layoffs. This is due to a fall in demand leading to a contraction in output across many industries. Singapore is a small and open economy and highly dependent on trade – trade (X+M) is almost 4 times of GDP. Singapore is affected significantly by external demand especially in the US, rather than by domestic demand as the domestic market is small. Singapore being traded dependent saw rising cyclical unemployment during the global economic crisis of 2008 as well as during 2011 where its major trading partner the USA faced terrorist attacks. This reduced trade with Singapore due to the contraction of the US economy.

             Structural unemployment occurs due to the structural changes within an economy. This type of unemployment occurs when there is a mismatch of skills due to the changing structure of the economy. Automation can cause structural unemployment as people are made unemployed because of capital-labour substitution (which reduces the demand for labour). Singapore’s loss in competitiveness in the manufacturing industries due to competition from low-cost emerging countries that have entered world market for investments and trade has changed Singapore’s economic structure permanently and Structural unemployment in Singapore is common as the country moves from industry to industry due to its changing comparative advantage. As the country moves from the secondary to the tertiary sector, labour finds itself with a mismatch between their skills and the requirements of the new job. The most problematic of Singapore’s unemployment would be cyclical unemployment due to Singapore being trade-dependent’ solutions that the government dishes out are usually temporary as it is unable to address the root causes of the problem.

Singapore’s main policy measures towards unemployment are:-

1.) Manage foreign worker dependency by increasing the productivity of local Workforce

As a small city-state with no natural resources, Singapore has long been careful in managing its human capital, seeing such management as an important source of competitiveness and strength for the economy. Emphasis on education has helped contribute to Singapore’s stronger record in human capital development than other countries in the region. A major force shaping the human capital landscape in the aggressive pursuit of the global city vision has transformed not only the physical look of the city-state but also its business environment and production structure. Together with these changes, the composition of the labour force has also been significantly altered – both in terms of the local-foreign mix and the mix between workers in “old” and “new” industries. While the open-door labour policy brought in a large number of highly skilled, high wage foreign workers, it has also led to a huge influx of low-skilled, low-wage foreign workers. Whereas the former could potentially expand the economy’s range of skill sets and raise its productivity level Singapore has been the increased presence of foreign workers. Recognising the possible adverse impact that the liberal foreign worker and immigration policy might have on the human capital profile and the productivity growth in the economy, the Singapore government began to review and make adjustments to the policy from early 2011.3 In the meantime, it continues to find ways to upgrade the skills of the local workforce and raise its productivity.

2.) Sustain SME growth through fostering entrepreneurial environment

Singapore has traditionally relied on multinational corporations (MNCs) and the large government-linked companies (GLCs) as the main drivers for economic growth. Most economic policy measures in the past were geared towards facilitating the operations of the MNCs and the GLCs, especially those of the former. In contrast, much less attention was given to promoting the growth of SMEs. As a result, SMEs in Singapore have not been able to play as significant a role in innovation and productivity growth as their counterparts in other countries. He enhanced the contribution of the SMEs reflects changes both in policy orientation and in the economic environment, as well as the impact of specific government policies. As international competition for foreign direct investment heightened in recent years, there has been increased recognition among policy makers of the need to build up Singapore’s indigenous production capabilities.  The gradual rise of the SMEs unfolded against the background of policies the government had redesigned in its quest to transform Singapore into a global city. The focus of policy shifted from attracting and serving the needs of MNCs to attracting a critical mass of creative foreign workers who were able to help develop and grow new, innovation-driven industries. Singapore has made significant progress in promoting the growth of SMEs in recent years. Much of the impetus appears to have come from the government. Even the expansion of the domestic market was a result of the strategic shift in its growth approach. To its credit, the government has tried to keep the interventions at the macro level and to preserve as much of the market mechanism as possible. However, questions remain over the long-term sustainability of such a government-driven approach. It is not clear.

3.) Enhance the innovation capabilities of local enterprises

Over the years, Singapore has been trying to build a comprehensive R&D ecosystem comprising public sector research bodies (e.g. A*STAR), academic research institutes and corporate R&D laboratories. R&D is not, however, an end in itself. It is considered a driver of economic growth and it is important that enterprises create value from R&D investment and the intellectual properties generated. Traditionally large (domestic and foreign) corporations which enjoy strong government backing carry out the bulk of innovation and commercialisation activities in Singapore. R&D spending by the business enterprise in Singapore still lags behind levels in other R&D-intensive nations such as the OECD member countries, particularly Japan. However, over time, as innovation culture becomes more pervasive, SMEs and large enterprises in Singapore might be expected to play an increasingly larger role in R&D and innovation activities.

Advertisements

Assignment Help For Working Students

In today’s fast paced life everyone wants to do lots of work in short span of time or we can say that today everyone is busy in completing a number of jobs in less amount of time. But sometime in rush, we compromise with the quality of our work. We cannot pay proper attention to our work. As in certain countries like the US, students work along with their studies. It’s a common trend in some countries that people especially students do part time job while studying. As in the US, students are not permitted to work for more than 20 hours per week. They can only work more than it during extended holidays, breaks and summer sessions. But for some people, part time job is a necessity and they have to work for a whole year along with studies and they cannot compromise with their studies. During their job session, students cannot attend their classes regularly and which can in return affect their future. To cope up with this problem there are certain websites which provide online tutoring to students to help them in their studies.

One of the website Assignment Help is quite famous for their online tutors. Assignment help is just like a tutoring company which provides professional tutors who are highly qualified and is from one of the best universities. These tutors are available 24 hours every day. Online tutors are just like as if the teacher is teaching in our class and we are studying and he is writing on the white screen instead of the blackboard. They provide different assignments help such as college assignment help, university assignment help, homework assignment, e-mail assignment and online assignment. They help students in every possible way and help in clarifying their doubts. Assignment help provides assignment in different subjects such as Math, Biology, Chemistry , Physics and almost in every field like engineering, medical at school, graduate level. Tutors are available almost at every time according to student’s convenience. There’s an easy procedure for applying in or scheduling yourself, you have to just click on the link and schedule the timing according to your convenience. Tutors provide you the deadlines for the completion of the assignment but they are so fast and accurate that they finish their work before deadlines.

Assignment help has solved the problems of many students to a greater extent that they can solve their doubts and problems under highly skilled and talented tutors by just logging into the website on scheduled time and get their work done. It has also solved their problem of working along with studying. Now they can concentrate on both jobs side by side without any tension. They also provide certain study material designed by expert professors and they give full liability to students to use them as their own thoughts. Today the technology have become so advanced that we just need a PC or a laptop with an internet connection and certain good and helpful websites which provide so many facilities and we can study at any time under such an expert tutors then life will be easy without any tensions. Assignment Help also provides free downloading of study material. It also provides assistance to problems in programming languages such as C, C++, Java, Matlab, .Net etc. These programming languages are the basic core of any computer science field or IT field. In learning and understanding these languages we need an expert teacher or a tutor who teaches us from basics. And with the help of assignment help, we can get the expert teachers and these languages require a lot of practice and which can be achieved by solving the assignments provided by assignment help.

They provide different assignment sheets and after completing the assignment we can easily submit the assignment and can also chat with our assignment help tutor for discussing problems. Today many students go for coaching classes for different subjects at highly prestigious coaching centers for different subjects and spend lots of money and time. After such a hectic schedule of coaching, there is no time for self-study and one cannot clarify whether there is some benefit of coaching or not. Assignment help resolves this problem also, tutors who teach clears your all doubts in between the session and assignment sheets help us to know how much you are through the subject. Assignment help is helping many students in their career options also. They provide help in completing their projects by innovative ideas and thoughts. Such websites should be promoted and everyone should know that how beneficial they are in helping the youth in solving their various problems related to studies.

For More Information:-

Online Tutoring vs. Regular Classroom Teaching

Online tutoring has a growing record of facilitating deep, long-lasting learning with significant benefits which are both educational and operational.
This type of learning and teaching can be obtained by the help of internet technology. Instead of going to school and attend a regular class, online tutoring is done in the comfort of your own home, library and school/college campus. This application consists of online learning along with virtual and digital teamwork. The subject matter is transported by the use of the internet, private computer network, CD-ROM, audio and videotape etc. Due to rapid changes in internet technology, students prefer e-learning education which can save their time, money and effort.
The evolution in the field of technology has made the World Wide Web accessible to an infinite number of people. The rate of computer literacy is constantly increasing day by day. This has opened up new promenade for people. One of them is online tutoring. Online tutoring is the same as traditional tutoring but it uses the latest technological gadgets instead. Now anyone can sit at home and experience an interactive learning session with their teacher, who may be in a different country altogether. But which method is better for you? It all depends on your needs and convenience.
Undoubtedly traditional learning institutions are highly overpriced, especially if they are in the private sector. Online tutoring is reasonable when you are looking to cut costs. Some institutes offer online learning material for free. The reliability of such institutes is in question, but there is no doubt that the material provided is good. Financial problem is the most trivial reason for students to quit regular classroom teaching, but online tutoring gives them the opportunity to continue their education.
The regular classroom teaching requires you to be present in front of the teacher physically. Moreover, there are time constraints and scheduling conflicts as you solely depend on the teacher to set the time schedule. Online tutoring allows you to control your time schedule and mold it accordingly. You can choose timetables, schedules and even the subject you want to study. This is a great advantage, as you can study the subject that you want to study, rather than going through the fixed routine. The working individuals, don’t have to quit their job in order to manage time for their classes.
Not every student learns at the same speed, each one grasps the given data at their own pace. Traditional institutions follow a planned and fixed course of teaching, and they do not divulge from it. The whole class is taught the same thing at the same time, regardless of how many understand the topic and how many don’t.
Online tutoring offers a collection of advantages over traditional classroom teaching, the reason it is becoming popular. But the choice of which one is better depends on you.
For More Info Visit:

Now You Can Find Solutions For Your Homework Easily

Finding solutions for different homework assignments have been a hectic situation for many individual students as the homework assignments can present an immense level of difficulty to incorporate with. Even sometimes many of the students can not comply with the topic which was given to them for completing individual assignments just because of the fact that many of them can not find any study material regarding the topic. Homework assignments can also give tough situation to the students as the procurement of writing homework assignments is not at all an easy process. Many profound websites can be found to be acclaiming that signing up with the particular website is going to help the students immensely in finding solutions for various topics of homework assignments. Eventually many of those websites are fake and the promises of lending a helping hand towards the students who seek opportunities to accomplish certain assignment problems based on a wide range of exclusive topics and involvements.
“Myassignmenthelp.net” can be stated as a unique online portal or website which helps the students of different standards in completing the procurement of writing efforts for homework assignment related helps in reality. All your homework assignment involvements can be taken care off by signing up to the “Myassignmenthelp.net” procurements which immensely help the students in writing unique assignments based on profound homework assignment topics. The very website presents the opportunity of finding all the required solutions for completing one homework assignment problem as this website has the widest range of available and commonly used topics to help the students. Using this website is also very much cost effective as you will not have to confront any difficulties in finding homework assignment solutions with lowest money expenditure. Profound team of homework assignment experts have been planted within the website as you will be getting your required answers or solutions in no time. You can opt for the phone consultancy, email exchange or the live chat procurement with the homework assignment experts to find exclusive and prolific solutions to your assignment problem involvement.
Students can be benefited from the service of “Myassignmenthelp.net” as this website presents the widest range of available topics on different subjects and of different significance. Topics based on current affairs and several different academic papers also have been included along with paper based assignment solutions as the students from standards K-12 to college can get the online help from “Myassignmenthelp.net”. The online tutors and tutorial classes also have been initiated for helping the students with their individual accomplishment o assignment involvements. This very website provides 24*7 online help for the students as the students can get their concepts clarified whenever they wish. This website or educational portal also possesses the largest diverse fields of educational involvements with homework assignment problems related to a variety of different subjects and topics. Basic subjects like the- math, physics, chemistry, writing, thesis, accounting, essay, finance, and data analysis, case studies, and term papers related helps. You will be helped to clarify every single question that arises in your mind along with getting a high quality study material or assignment solution paper, required for completing homework assignment procurements easily.
For More Information Visit

Finance Assignment Help from Myassignmenthelp.net

If somebody claims that they do not need assistance in some part of their lives the person is probably fibbing. In the life of a student having someone assist him or her with their homework or assignment is half their battle won. However, does this earn them brownie points down the line in their quest to get onboard a professional course? One may debate the issue. But with the crazy of amounts of assignments that have to be completed within a specific time, does get to be a deterrent in a young scholar’s life.
When a student chooses a subject that he or she would like to excel in as a specialty he/she may need additional coaching or guidance from professionals in the trade. As is the case of finance assignment help comes in the way of a well organized website that specialize in tutoring to harness the knowledge of the kid. A well thought out company that specializes in the domain has on board its premises professionals with high degrees and masters that impart their wisdom to their interns. This shows itself in the field of teaching as well as assisting the student with his or her essay or assignment for the day or week. Finance is a subject that requires extreme focus and getting to the basics of the problem.

Handing over assignments in the nick of time to the lecturer of the school or college is quite a feat in itself for the harassed student. Using the term harassed maybe frowned down upon by the grownup fraternity but it is a fact. The amounts of homework assigned to the young scholars does get to be a problem especially when they feel the pressure and cannot deliver. The website that works to help out kids in need in this segment is a great alternative as compared to getting a zero for their assignment.

For More Info :

What is Online Assignment Help

Assignment is a very significant and integral part of academics. Simultaneously it is very tough task. In order to make an assignment a student is require to do a lot of hard work so that at the end he/ she can produce at least a decent assignment let alone wonderful. It is so because while writing an assignment lot of preparation is required. It is not just copying material from a book or site. Before students start to writing an assignment they have to undertake enormous search task. Without doing any sort of research it is impossible to do any assignment. Besides this, understanding of concepts and subject is equally important. This not only consumes a big chunk of students’ energy but also suck huge amount of their precious time. Above that, sometimes such hard work went futile because students do not able to get good grades on their cards. Many time it happened because students do not able to decide what to write in assignment and what to omit. It is not their fault because it is not equally easy to guess what teachers want to see in assignment they have given.
There is an easy way exists on this earth through which students can get help in doing these heavy assignments and this way is MYASSIGNMENT HELP (MAH). Here, one can get any sort of help in doing assignment no matter to which subject or area of studies these assignments belong. It is so because there are so many experts from various fields are associated with MAH. They have vast pool of knowledge and have year of experience. Hence, they know very well what a teacher want to see in assignment he/she use to give to students. In fact, they write assignments as per need of student and as required by an institution. Therefore, you are not required to take any sort of stress while doing assignment. From now onwards assignment writing will not be a burdensome task anymore.
For More Info Visit:

Programming Assignment Help With Myassignmenthelp.net

Information Technology has touched every nook and corner of the lifestyle as well as work patterns. World has become one big village with the power of internet where there is no exception to education.  The digitization of the education pattern resulted in the online assignment help These portals have proved to be the greatest assistance for students.
This has helped teachers to avoid giving rote and factual assignments and focus on more interpretive and creative assignments. According to a recent report “Around 3 out of 10 students in America’s public School fail to finish high School with a diploma. Most often, students are unable to get good marks in exams due to incomplete assignment and project works and so this will help the students who are finding it difficult to complete their works effectively and quickly. To offer high quality works, experienced and degree holding professionals are used to solve the works. Best quality plagiarism check programs are used to ensure good quality and 100% error free work. The team of qualified and experienced professionals will offer a perfect solution on all the topics including C/C++, java and other subjects. Apart from this, programming aids are offered for a wide range of languages including C#, Delphi, AJAX, PHP as well as JavaScript, Python, Perl, MS SQL, MySQL and many more.
Programming is one subject that has troubled students since beginning and though they devote their considerable time studying programming languages for hours, students fail to complete their work correctly and in time. This resulted in having lower marks than they actually deserve based on their knowledge of the subject. In course of time due to social activities and part-time culture among students, they tend to put their work on hold till the last moment and they will end up seeking help from outside to complete that. The services are available round the clock to cater them in their diversified needs. All the doubts can be discussed round the clock and problems can be solved by friendly customer care resulting in delivering complete satisfactory solution by providing 100% original assignments. Services are also provided for international students and they are contacted via email on time and in cheap rates. Students need to pay an affordable fee to avail the services and by considering the budget constraints of the students, the price for each service is kept very low.

After registering, students can send the details such as the instructions and deadline through email. The professionals will review the requirement and will return a price quote. On approval, professionals will start their work and will send the finished work to students. If they are satisfied, they can release the full payment. A review system is used to make sure that all the works are carried out according to the instructions. A database is also maintained to record all the instructions and projects to ensure that the project is according to the expectation. The value of project works is known that is why they guarantee in time delivery of quality work.

For More Information Visit:

Online Exam Help With Myassignmenthelp.Net

Discription: Online Exam Help Helps The Students at Their Exam Time

Online exam help is the excellent step taken by the assignment help service to help the students for the preparation of their exams. At the time of the exams students have don’t time to travel and go to the tutor place for their queries. So myassignmenthelp.net provides the Online exam help service in which student can get the answer of their queries online from our expert tutors. Online exam help have a experienced professional tutors which help the students with their queries at the time of the exams. Student need to go to the website of assignment help Australia and ask for the help with their questions. Online exam help have very fast online customer support.
The schedule at the time of the exams is very tight and students hardly get time to take their meal. So they don’t want to waste their time to travel so it’s more comfortable for students to learn online with the internet. To keep this problems of the students in mind myassignmentelp.net create a service to provide the help at the time of the exams. Online exam help have a tutor from almost every stream studies. Online exam help is on the each lips of the school/universities at the time of exams.
For More Info Visit :

Myassignmenthelp.net Offers a Wide Range Of Medical Science Assignment Help

Many people choose medical science as their career. Online medical science assignment help these people to solve the various projects assigned to them during their course of study. A person choosing medical science as a course of study should be fairly good in biology and have a strong knowledge of the subject. The student should be able to understand the basics of the subject. Biology is a vast subject and has been divided into various disciplines to ease the situation. The various popular classifications of biology are microbiology, biotechnology, bioinformatics and biochemistry.

Online scienceassignment help shows how the modern biology is important to the present generation students. The online assignment helps have been specially designed to help out the students for carry out their training and research in various areas of biology successfully. This offers a lot of opportunities to them to excel in their career.

Online science assignment help the medical students to focus on different fields of biology. It also helps the student to understand the sub disciplines of biology and their various applications. The most important specialization of biology is Biotechnology. It involves the use of living organisms and the various bio processes in technology, medicine and various other fields that require biological byproducts. Tissue culture and genetic engineering involves various processes that are carried out to modify living organisms to fulfill the purposes of the humans. Biotechnology involves pure biological sciences such as animal cell culture, bio process engineering, molecular biology, cell culture, immunology, genetics, cell biology and embryology. The applications of biotechnology are many. They include agriculture and crop production, health care, industrial uses of crops and other various environmental uses. Another specialization biology that is gaining popularity rapidly is microbiology. It involves the study of microorganisms which are microscopic or unicellular in nature. It also includes the study of the immune system. The immune system generally interacts with microbes which are pathogenic in nature. Microbiology can be further classified into mycology, virology and bacteriology. Microbiology is applied in the industry for the fermentation of wine, alcohol and other acid products. It also finds application in the production of bio polymers, antibiotics and enzymes. Microbial degradation also needs the application of microbiology.

Last but not the least is another field of biology known as biochemistry. It deals with the study of various chemical processes that occur in a living organism. It deals with the function and structure of various components of the cell such as carbohydrates, nucleic acids, proteins, lipids and other bio molecules. Bio informatics is also becoming popular among the students of medical science. It deals with the maintenance of databases that store biological information. Thus it is evident that there is ample career scope in the field of medical science. So a student should make his concepts clear to excel in this growing field.

For More Information :

Online Assignment Helps to Get A+ in Assignments

Online assignment helps to get A+ in assignments

Assignments are given for the betterment of students and to improve their performance in respective subject.

The importance and necessity of assignments is known by everyone; parents, students and teachers. Still, there is lots of stress and confusion in the same work. Why is it so? Few answers for these questions can be:

  1. Due to the length of the given work.
  2. Completion of numbers of assignment in specified time period.
  3. Extensive research.
  4. Need of extra time.
  5. Increase in work load.

myassignmenthelp

These are some of the points that highlight the stress of students regarding the assignments, projects and many more of other tasks. So, in order to reduce their burden, presently there are lots of ways and methods. Among them, best is the online assignment helped offered by www.myassignmenthelp.net . This assignment help site is popular in every parts of the world, making it easier and simpler for students to complete their academic work. It provides lots of benefits to the student’s right from collection of information to its submission before the allowed time period. When everything just goes perfect there is no any scope of losing marks. Students can then have A+ at their side.  Yes, when the teachers of respective subject take the responsibility of work completion, they do it correct and accurately; the stress and burden automatically goes down. Firstly, teachers focus on doubts carefully and provide answer to the students in simplest possible way. Therefore, this assignment help site is also a problem solving site for students which they can visit anytime around the clock. Secondly, this assignment help site also provides tutoring help that can be any time completely preferred by the students and thirdly, all the work related to assignments or projects are done by this assignment help site that includes all the important, recent and past information’s.

myassignmenthelp

This site deals with all kinds of work in any of the given subject. No matter what the topic is or the subject is; most importantly this assignment helps size have solution to all the doubts and questions making it easier for students to understand in quick time period. The other convincing thing about this site is timely completion of work and information as per the student’s age and level. So, overall these lots of facilities are provided to students in manageable price. Thus, no stress will be there on expenses and students can brush their knowledge and score A+ in every work that is assigned to them.

For More Info Visit:

www.myassignmenthelp.net