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01-11-2014, 02:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

41% MORE SINGAPOREANS LOST THEIR JOB IN 3RD QUARTER THIS YEAR

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31 Oct 2014 - 2:55pm


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41 percent more Singaporeans lost their jobs in the last quarter, as compared to the previous quarter.

In the third quarter of this year, 3,400 workers lost their jobs as compared to 2,410 workers in the second quarter.

This is the highest level of redundancy so far this year.

Also, Singaporeans continue to face a higher unemployment situation.

The overall unemployment rate is 1.9 percent but among Singaporeans, this is 2.9 percent. The resident unemployment rate is at a lower 2.8 percent, suggesting that unemployment among citizens is higher than permanent residents.







There was also a lower growth in employment in the third quarter. Employment increased by a lower 27,100 jobs in the third quarter, as compared to 27,700 in the second quarter

The services sector accounted for the bulk of the increase, making up 87% of the growth, or 23,500 jobs. Manufacturing jobs only came up to 300.

However, the services sector also saw the largest losses of jobs, seeing losses of 1,900 jobs out of the 3,400 jobs lost.


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