25 May 2012, 11.00PM
Foreigners appeared to have benefited more from Singapore’s booming economy than Singaporeans, according to shocking statistics revealed by Bloomberg.
In an article published today, Bloomberg revealed the majority of jobs created in Singapore last year went to foreigners and not locals:
“Of the 122,600 jobs created in Singapore last year, about 70 percent, or 84,800 positions, went to foreigners.”
The percentage of jobs going to Singapore citizens is likely to be less as the country lumps citizens and PRs under the same category of ‘locals’ in all its statistics.
Despite the wide discrepancy in the number of new jobs going to Singaporeans and foreigners, Singapore’s unemployment rate remains low at around 2.5 percent.