“5.9% residents jobless. Amid the gloom in the labour market, there is a silver lining. Although the number of Singapore residents who lost their jobs hit 5.9 per cent in June - on a non-seasonally adjusted basis - older workers were able to stay on in the workforce at the record high level reached in 2008. There were 116, 300 residents who were unemployed in June, significantly higher than the 4 per cent 76,200 a year ago. The rise was felt across all occupations and industries, according to the Labour Force Survey carried out in mid-2009 by the Ministry of Manpower's Research and Statistics Department, which released the key findings on Monday morning…….…”

Maybe now they will stop ending you to jail if you chew gum, or spit on the sidewalk, or do both. Or is it flogging?

Messrs Obama, Biden, Geithner, Summers, et al, should be so lucky. Outsourcing helps reduce unemployment, if you are at the receiving end of business (business, not ‘the business’). Of course the percentage increase from 4% to 5.9% is steep, nearly 50% increase in the rate.
Cheers
mhg
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