https://padlet.com/s10180391/2balkbkpfjuw Done by Calista Teh Xiaoyin Qiujin Annnee Cheryl TA24 en-us 2017-11-15 02:21:19 UTC 2019-11-20 16:15:04 UTC hello@padlet.com s10180391 https://padlet.com/s10180391/2balkbkpfjuw/wish/207173951 Unemployment
http://www.straitstimes.com/singapore/manpower/jobless-rate-down-no-rise-in-layoffs

Inflation
http://www.channelnewsasia.com/news/business/singapore-inflation-slows-to-0-4-in-august-on-lower-housing-9247850

GDP
http://www.channelnewsasia.com/news/business/singapore-s-2018-economic-growth-likely-to-moderate-2017-gdp-9348276]]> 2017-11-15 13:40:06 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207173951 s10177725 https://padlet.com/s10180391/2balkbkpfjuw/wish/207174342 Unemployment
The Unemployment Rate tells us the proportion of the Labour Force who have not found jobs yet, even though they are able and willing to work and are
actively looking for jobs.
Reasons for the unemployment rate decreasing: a change in government laws,
Problems with Unemployment rate: Understated, Overstated
What kind of unemployment could we be facing?
not cyclical, is structural, frictional & seasonal
*Add in gov. measures that could have caused this unemployment rate to decrease/not increase.

Inflation
Inflation is a sustainedand continuous increase in the general(average) level of prices of goods and services in the economy.
Headline inflation = Overall CPI Basket Inflation
Data from the article may not be perfectly true as CPI is not a perfect measure [Not every household is like the average household, It does not reflect the differences in quality, Substitution bias]
What could be the cause of inflation?
Demand-Pull inflation
Cost-Push inflation

GDP
Gross Domestic Product or GDP is the most widely reported measure throughout the world of a nation’s economic performance or the health of its economy.
*General constant growth but expected to experience pullback from china in 2018
How did they compute GDP to come out with this data?
expenditure/income approach
However, it is not a perfect measure.
non-market transactions, the underground economy etc]]> 2017-11-15 13:40:50 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207174342 s10180391 https://padlet.com/s10180391/2balkbkpfjuw/wish/207175755 Inflation
Singapore inflation as in august 2017 rose at a slower rate then expectations.The slower rate of increaase mainly reflected the decrease in private road transport inflation and also the moderation in food and retail inflation .There is also a slight decline in cost of accomodation.

Prices in all categories were higher except for housing and utilities which have a decrease of 2.3% as compared to last year.

The Monetary Authority of Singapore (MAS) and Minstry of Trade and Industry Singapore (MTI) expect core inflation to average 1 to 2 per cent compared with 0.9 percent in the previous year 2016 and the CPI(Consumer Price Index Inflation( is projected to rise from -0.5 last year to 0.5 to 1.5 per cent.

GDP
It is forecasted for Singapore's GDP (Gross Domestic Product) to come in at the upper half of the 2 to 3 per cent this year.

It is predicted that the economy in 2018 will expand at a decreasing rate despite steady global growth and a broadening recovery across domestic industries.

The growth of GDP is an average of 4.4% and this is largely due to the trade-related sectors in the industry which is caused by the continuous strength in the global electronics  cycle.

Unemployment
Singapore's unemplyment rate decreases in 2017 to 2.1 percent in the September quarter of 2017 from 2.2 percent in previous three 
quarters.It was the lowerst jobless rate since the third quarter 2016
The total employment fell by 2500 which is lower than a 7900 decline in thhe preceding quarter

]]> 2017-11-15 13:43:08 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207175755 s10181815 https://padlet.com/s10180391/2balkbkpfjuw/wish/207180923 Unemployment
-Unemployment rate of Singapore decreased from 2.2% to 2.1%.
Definition: unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Reason: decrease in Work Permit Holders in Marine and Construction. Besides that,  a result of low oil prices and continued weakness in construction activities.

Inflation
-Singapore 's inflation rose slower than expected in August from a year earlier.
-Prices in all categories were higher, expect for housing and utilities which saw a decrease of 2.3 per cent from a year ago.
-The slower pace of increase largely reflected a fall in private road transport inflation, and to a lesser extent, a moderation in food and retail inflation, which collectively more than offset the smaller decline in the cost of accommodation

GDP
-expect GDP to come in at the upper half of the 2 to 3 per cent forecast range this year
-GDP grew an average of 4.4 per cent caused by continued strength in the global electronics cycle.
-Industry segment like financial services,retail，information and communications broadening of economic recovery.

]]> 2017-11-15 13:53:05 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207180923 s10179672 https://padlet.com/s10180391/2balkbkpfjuw/wish/207181239 Unemployment
Singapore's seasonally adjusted unemployment rate decreased from 2.2% in previous three quaters to 2.1% in sept quater of 2017. this means that there were the fewest number of people who were 15 years old and above who is able and wiling to work and actively seeking employment but has not found a job yet since Q3 of 2016.

Inflation
CPI was up on 0.4 % year on year in august, slowing from july's increase of 0.6%. this is the result of a fall in private road transport inflation and a moderation in food and retail inflation
Core inflation moderated to 1.4% in august.

GDP
GDP for 2017 likely to be in upper half of the 2-3% forecast range.
Over the past two quaters, GDP grew an average of 4.4% on Q to Q seasonally adjusted basis due to trade related sectors. it is of note that other sectors also showed slight economic growth]]> 2017-11-15 13:53:36 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207181239 xiaoyin https://padlet.com/s10180391/2balkbkpfjuw/wish/207234619 Unemployment
Singapore's seasonally adjusted unemployment rate dropped to 2.1% in September quarter of 2017 from 2.2% in the previous quarters. Many services continued to form bulk retrenchments. The decline in the third quarter was mainly due to a decrease in work permit holders in Marine and Construction.

Inflation
 Singapore's inflation rate rose slower than expected in August. CPI was up by 0.4% year-on-year in August. The slower pace of increase caused a fall in private road transport inflation. Housing, cost of accommodation and utilities prices decreased, whereas retail and other goods (including water) increased.

GDP
Central bank expects Singapore's GDP to come in at the upper half of 2 to 3% forecast range this year. The economy is likely to expand at a steady yet slower pace. Modern services and domestic-oriented clusters, industry segments have improved over the last six months, signalling a broadening of economic recovery.]]> 2017-11-15 15:12:50 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/207234619 s10180391 https://padlet.com/s10180391/2balkbkpfjuw/wish/210134827
Inflation
Inflation is a sustained continuous increase in the general (average) level of prices of goods and services in the economy.
Headline inflation is the overall CPI Basket Inflation.
However data from the article may not be perfectly true as CPI is not a perfect measure .(As there are some differences in every household and not every household is like the average household ),Also CPI does not reflect the differences in quality-Substitution bias-The cause of inflation might be due to demand-pull inflation and cost-pull inflation
Singapore's inflation rose slower than expected in August .CPI was up by 0.4% year-on-year in August
The slower pace of increase largely reflected a fall in private road transport inflation.Housing,cost of accomodation and utilities prices decreased whereas retail and other goods (excluding water) increased
Core inflation moderated to 1.4% in August

Prices in all categories were higher except for housing and utilities which saw a decrease of 2.3 percent from a year ago.

GDP
GDP also known as Gross Domestic Product is most widely reported measure throughout the world of a nation's economic performance or the health of the economy.
General constant growth but expected to experience pullback from CHina in 2008.
Expenditure or Income approach is used to compute the GDP.
However GDP is not a perfect measure of a country's economy as does not include non-market transactions,underground economy etc.

GDP for 2017 is   to come in at the upper half of the 2 to 3 per cent this year.

It is predicted that the economy in 2018 will expand at a decreasing rate despite steady global growth and a broadening recovery across domestic industries.

Over the past two quarters,GDP grew  an average of 4.4% on quaterly to quaterly sesonally adjusted basis and this is largely due to the trade-related sectors in the industry which is caused by the continuous strength in the global electronics  cycle.The other sector also showed slight economic growth

Unemployment
The Unemployment Rate tells us the proportion of the Labour Force who have not found jobs yet, even though they are able and willing to work and are
actively looking for jobs.
Reasons for the unemployment rate decreasing: a change in government laws, 
Problems with Unemployment rate: Understated, Overstated 
What kind of unemployment could we be facing?
not cyclical, is structural, frictional & seasonalThe labour market showed further signs of recovery and it has a lower overall unemployment rate and no increase in intrenchments .
However the recovery will take slightly lower than previous slowdowns due to the uneven growth across sectors and ongoing restructing.

Labour MP Patrick Tay said that he expects pockets of layouts in the last three months of 2017 due to change in demand patterns and re-organisation by businesses facing technological disruption.

Minstry of Manpower (Government) cautioned that it is hard to further reduce the resident unemployment rate due to ongoing economic restructing and a mismatch between jobs available and workers skill.

Also the labour market recovery lags behind the strengthening economic growth.

Employment in the service sector continues to rise while manufacturing has decreasing manpower.

The manufacturing boom is led by electronics, particularly semiconductors, and technology firms can ramp up production without having to hire too many extra workers. 

Marine transport, on the other hand, is labour-intensive and has had to lay off staff as equipment orders collapse with lower oil prices.

MOM also highlighted job opportunities in five priority sectors: infocomms and media, finance and insurance, healthcare, professional services and wholesale trade. More support is being developed for these areas, such as professional conversion programmes to help mid-career workers gain skills and be placed in new jobs]]> 2017-11-26 13:16:32 UTC https://padlet.com/s10180391/2balkbkpfjuw/wish/210134827