Job Market Monitor
Singapore
Singapore – Unemployment at 1.9%, a result of forcing organisations to consider more locals for employment
Unemployment in Singapore remained low in December, with more locals employed while the growth of foreign workers continued to moderate, the Manpower Ministry (MOM) said on Friday (Jan 30). The overall seasonally adjusted unemployment rate was at 1.9 per cent for the month, while the resident unemployment rate fell to 2.6 per cent from 2.8 … Continue reading
Singapore – Employment rate at record level
A Manpower Ministry report released on Friday (Nov 28) showed Singapore’s employment rate rose to an all-time high of 79.7 per cent this year – up slightly from the 79 per cent in 2013. The labour market saw an increase in women and older workers. Employees, especially low-wage workers, also drew higher salaries. More Singaporeans … Continue reading
Singapore – 12,700 Employers registered with National Jobs Bank
80 per cent of employers are actively posting job vacancies, and the Workforce Development Agency will continue to work with various stakeholders to drive the adoption and use of the Jobs Bank among employers, said Manpower Minister Tan Chuan-Jin. Chosen excerpts by Job Market Monitor. Read the whole story at 12,700 employers registered with National Jobs … Continue reading
Singapore – Unemployment at 1.9 per cent
Unemployment in Singapore remained “low and steady” in the third quarter, despite an increase in layoffs due to business restructuring, the Ministry of Manpower said on Friday (Oct 31). The overall seasonally-adjusted unemployment rates held steady over the quarter in September – from 2 per cent in the second quarter to 1.9 per cent. Chosen … Continue reading
Singapore – Unemployment rates in Q2 hold steady at 2.0 per cent
Overall unemployment rate in Singapore remained at 2.0 per cent, but total employment growth slowed in June, according to the Ministry of Manpower’s figures. Fewer workers were laid off from April to June, when compared to the previous three months. Preliminary estimates released by the Manpower Ministry’s Manpower Research and Statistics Department on Thursday (July … Continue reading
Singapore / 45% of professionals work one to three hours a day during their summer holidays
According to Regus, 45% of professionals in Singapore reported that they would work one to three hours a day during their summer holidays Continue reading
Singapore / Unemployment rate rose to 2.9 per cent in March
Singapore’s seasonally adjusted overall unemployment rate stayed low at 1.9 per cent in March, compared to the 1.8 per cent registered in December 2012. The unemployment rate for Singapore residents rose to 2.9 per cent from 2.7 per cent while the citizen unemployment rate remained unchanged at 2.9 per cent. Long-term unemployment also improved slightly … Continue reading
Singapore / Jobless Rate at 5-Year Low
Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said in a statement today. The median estimate of nine … Continue reading
Singapore / Young workers are saving more
Contrary to popular belief that young Singapore workers spend more than they save, a survey has found that they save more than their older peers. According to a survey by career builder, JobsCentral Group, 46 per cent of workers who are between 21 and 30 years old said they save more than 20 per cent … Continue reading
Skills Gap / Vocational Education / Meeting the needs of a specific labour market
The report INTERNATIONAL APPROACHES TO SPECIALISATION IN VOCATIONAL EDUCATION by Charlynne Pullen, Olivia Varley-Winter and Philippa Melaniphy presents “four country studies: Germany, the United States of America, Singapore and Australia” (Adapted choosen excerpts by Job Market Monitor to follow). For the purposes of this report, the definition of specialisation is an instance in which provision of vocational education is focused … Continue reading
Singapore / Retirement and Re-employment Act – Employers are now required to offer re-employment
Since 1 January 2012, the Retirement Age Act (RAA) has been replaced by the Retirement and Re-employment Act (RRA). Like the RAA, the RRA also covers all employees who are Singapore Citizens and Permanent Residents. Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to … Continue reading
Singapore | Working age population to contract by over 330,000
“The world’s working-age population will increase by over a billion people over the next 20 years, but all growth will come in developing economies while at the same time the developed world will see its workforce shrink and age. In Singapore, the working age population will fall by 338,000 people by 2030.” writes Chris Mead … Continue reading
Singapore – Unemployment remains low
Unemployment remains low in the third quarter of this year despite an increase in the number of lay-offs from last quarter. Employment creation was also moderated. According to the “Employment Situation, Third Quarter 2012” report released by the Ministry of Manpower, the low unemployment rate reflects strong manpower demand amid the tightening in foreign manpower … Continue reading
The Human Capital Summit in Singapore
“Last week I spoke with Karen Cariss, CEO of PageUp People, after she attended the recent Human Capital Summit in Singapore” writes Sylvia Vorhauser-Smith. (Choosen excerpts by JMM to follow) How similar or different are the human capital issues business is discussing in Asia Pacific’s high growth markets to those in the U.S., Europe or … Continue reading
Singapore – Deputy Prime Minister Tharman Shanmugaratnam: Creating enough quality jobs is the key challenge ahead
Both developed and emerging economies face a serious future challenge of generating a large quantity of jobs as well as ensuring that these are of quality, says Deputy Prime Minister Tharman Shanmugaratnam. “If you connect the dots, across the advanced world and for much of the developing world, you have to conclude that the key … Continue reading
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