Singapore's labour market saw its first quarterly contraction in nearly six years with total employment falling by 6,200 (CNA). This means the number of workers who left their jobs outstripped those who got hired.
Construction: +8,3000 (vs +10,700 in previous quarter)
Services: +7,500 (vs +17,300 in previous quarter)
The gain mainly from community, social and personal services, supported by public sector hiring. However, services industries with external exposure like hotels and restaurants went into the red and netted 2700 jobs, while financial services saw a net loss of 1,900 jobs.
Earnings also fell, unemployment rose and people took a longer time to get another job. The result was an unemployment rate of (Strait Times):
Singapore Residents: 4.8 per cent (95,700 unemployed Singaporeans and permanent residents, one-third more than the 71,800 in December)
Total Population, foreigners included: 3.3 per cent (compared to 2.5 per cent in December last year).
But should we complaint that much? Look at the following photos suppose to be the job fair at China (even worst than our PC Show):
In the first three months of this year, a total of 12,760 workers were laid off, a 36 per cent rise from the last three months of 2008. This included the early termination of employment contracts.
Click here for more 2009 Recession reports
14 years ago
No comments:
Post a Comment