SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Job market holds steady in Singapore [INFOGRAPHIC]

HR Masterclass from Human Resources magazine: High-level HR strategy training workshops
led by the world's most respected HR thought leaders & strategists.
Review the 2019 programme here »

The Ministry of Manpower’s Employment Situation for Third Quarter 2013 reported overall unemployment in Singapore fell from 2.1% in June 2013 to 1.8% in September 2013.

The report also found the seasonally adjusted unemployment rate fell quarter-on-quarter from 2.9% to 2.6% for residents, and 3.1% to 2.8% for Singapore citizens.

The employment surge was driven by the services and construction industries, with overall employment increasing by 28,100 in Q3 2013. While this figure is lower than the previous quarter (33,700), it was an improvement from 2012’s Q3 (26,200).

However, this growth brings the country’s total employment to 3,448,300 in September 2013, which was 4.1% higher than a year ago.

Additionally, while redundancies increased in Q2, it has declined in the third quarter where about 2,600 people were laid off. That figure was 3,080 in Q2, and 2,850 in the third quarter of 2012.

SabrinaZolkifi_Oct2013_MOMemployment
Source: Ministry of Manpower

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

Read More News

in Singapore by

The three factors of retention

After conducting more than 1,000 interviews – initial and exit – Toyohiro Matsuda believes people stick around in a job for one of..

Trending

Leave a Reply

You must be logged in to post a comment.