Source
Labour Market Survey, MOM
Coverage
Before 2006, the Labour Market Survey covers private sector establishments each with at least 25 employees. From 2006 onwards, the survey also covers the public sector.
Concepts and Definitions
Job Vacancies (for a quarter)
This refers to the number of unfilled posts for which an establishment is actively recruiting employees from outside the establishment. They exclude:
- Positions for which the employees have been appointed, but have not yet commenced duty;
- Positions open only to internal transfers, promotion.
Recruitment action to fill a post includes advertising in newspapers, posting notices on the Internet (e.g. online job banks), making word-of-mouth announcements, soliciting employees through employment agencies or job fairs, contacting or interviewing registered job applicants.
Job Vacancy Rate (for a quarter)
This is defined as the total number of job vacancies divided by the total demand for labour at the end of the quarter. The total demand for labour is defined as the sum of the number of employees and job vacancies at the end of the quarter. The annual figures are the simple averages of the quarterly figures.
Job vacancies to unemployed ratio is calculated by taking the ratio of the estimates of the total number of job vacancies for the whole economy to the total number of unemployed persons. The job vacancies for the whole economy is estimated based on the assumption that private sector establishments with less than 25 employees have the same vacancy rate as private establishments with 25-49 employees. Estimates on the total number of unemployed persons are obtained from the Labour Force Survey.