Are you one of the 2.443 million people?

How many jobs were created?
On 31 October 2006, the economy created 41, 600 new jobs in Q3 (36,400 in Q2). In total, all 3 quarters in 2006 to date have created 123,100 jobs (113,300 for whole year of 2005).

There are now 2 headline unemployment rates. The first unemployment rate showed a decline from 2.8% to 2.7% in Q2 (not sure what this is). The resident jobless rate, which excludes foreign workers, remained unchanged at 3.6%.

How many human beings are gainfully employed in Singapore at Q3?
Answer - 2.443 million.

Where can you find most of the new jobs?
Answer - Manufacturing.

Job created by sector
Manufacturing - 11,300 jobs in Q3 (8,400 in Q2).
Services - 24,600 jobs in Q3 (24,400 in Q2).
As I have mentioned in class a few months ago, even the construction sector is coming alive and is set to hire even more people (5,500 jobs in Q3 / 3,500 in Q2).

I wonder who will take up the construction jobs. But someone must do the job for otherwise the IR owners and the many en-bloc buyers-cum-developers can only look at their dream$ on architect drawings.

There are many possibilities in attempting to translate the above information in what stocks or sectors to put your investment dollars in.

One thing for sure, the property counters are relatively well-valued.

More people working --> more income --> more disposable income --> to be spent where? Think, my friends. Cheers :)