More jobs or more jobless in Singapore?
Are there more jobs or more jobless people in Singapore? I was editing for Topix earlier today when I came across two stories about Singapore's current employment situation.

Channel NewsAsia as usual, is very optimistic. It says more jobs were created in early 2008. Hooray! Oh, but wait...

CNBC carrying a report by Reuters, paints a bleak picture. It says that the jobless rate in Singapore has risen and may climb further.
So which is it? More jobs or more jobless? Argh! I'm confused.
Channel NewsAsia as usual, is very optimistic. It says more jobs were created in early 2008. Hooray! Oh, but wait...
CNBC carrying a report by Reuters, paints a bleak picture. It says that the jobless rate in Singapore has risen and may climb further.
So which is it? More jobs or more jobless? Argh! I'm confused.
Comments
http://www.mrbrown.com/blog/2008/02/make-up-your-mi.html
He added: "The tight labour market of the previous few quarters likely attracted more entrants into the resident labour force (Singaporeans and permanent residents) than could be absorbed by existing labour demand."
http://www.todayonline.com/articles/251409.asp
More jobs were created - correct - but those jobs went to foreign workers, and that is why the unemployment rate for Singapore citizens and PRs is getting higher.
Our bullshit Ministers and media are forever harping on the fact that more jobs are being created.. only the stupid would think those jobs without a minimum wage are being created for them.