The Ministry of Manpower released their report for the job market in Singapore during 2Q 2016.
These are the highlights:
- For the first time since 2012, the number of job hunters was more than the number of job openings available.
- The unemployment rate increased in June 2016 to 2.1% (1.9% in March 2016). The rate was 3% for residents and 2.6% for citizens.
- The number of people employed grew by 4,200 during 2Q 2016. This figure was 13,000 in 1Q 2016 and 9,700 in 2Q 2015.
- 4,800 people were laid off during the quarter, as compared to 4,710 in the previous quarter.