Singapore job market report (1Q2016) - Unemployment unchanged. Retrenchment rises for PMETs

The Ministry of Manpower (MOM) in Singapore, recently released their job market report for 1Q 2016.

Here are the highlights:

  • Total unemployment did not change by much as on March 2016, as compared to the previous quarter ended December 2015.
  • For residents over 30 years of age, the unemployment was higher, especially for those above 50.
  • Unemployment was lower for people aged below 30.
  • Total employment and the number of job openings were lower.
  • 70% of the people who were laid-off during the quarter were PMETs (Professionals, managers, executives and technicians).

 

Written By:
Amit Puri - Managing Consultant, Sandbox Advisors

Amit is an experienced career, business and HR professional. Previously, he has worked with organisations such as Bain & Company, Morgan Stanley and Citigroup. Amit has advanced degrees/qualifications in Career Counselling, Organisational Psychology & HR, Occupational Psychometrics, Career/Life Coaching & Business.

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