Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »
Singaporeans are confident about finding a job in the current local market, as 69.4% of Singaporeans feel now is the right time to look for appointments.
According to the 2013 Legatum Prosperity Index, the results are unsurprising, considering the 2011 unemployment rate was 2.9%, compared to a global average of 10.6%. The country’s current unemployment rate is 1.8%.
In addition, 81.9% of Singaporeans displayed conviction in local finance institutions, as compared to the global average of 59.5%.
Globally, Singapore ranked 18th, securing the position for fifth time in a row.
The overall results for the city state were positive; the country has moved up 18 places to 34th in the Social Capital sub-index since 2009, “due to higher perceptions of social support, and more people declaring trusting others”, the report stated.
The findings were gathered from a survey of 142 countries, including those in APAC, the Americas and Europe. The annual study, which ranks the prosperity of various nations, is based on a variety of factors, including wealth, economic growth and quality of life.