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16-05-2015, 12:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Just 300 more jobs filled in Q1: Cause for concern?
By Joanna Seow
The number of people employed in Singapore grew by just 300 in the first quarter of the year.
This preliminary figure from the Ministry of Manpower (MOM) came as a surprise to many observers as, up to last year, the labour market had been humming along with an average of 31,670 more jobs filled each quarter for the past five years.
"Disconcerting", "startling" and "somewhat bewildering" are how some economists described the three-digit figure which greeted them two Saturdays ago.
Released a day after May Day, the number was the worst quarterly showing since the global financial crisis in 2009, when total employment in Singapore shrank for two consecutive quarters.
Copyright © 2015 Singapore Press Holdings. All rights reserved.
http://www.straitstimes.com/news/opi...ncern-20150516 (http://www.straitstimes.com/news/opinion/eye-singapore/story/just-300-more-jobs-filled-q1-cause-concern-20150516)
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?206884-Only-300-jobs-added-in-1st-quarter-times-are-bad!&goto=newpost).
Just 300 more jobs filled in Q1: Cause for concern?
By Joanna Seow
The number of people employed in Singapore grew by just 300 in the first quarter of the year.
This preliminary figure from the Ministry of Manpower (MOM) came as a surprise to many observers as, up to last year, the labour market had been humming along with an average of 31,670 more jobs filled each quarter for the past five years.
"Disconcerting", "startling" and "somewhat bewildering" are how some economists described the three-digit figure which greeted them two Saturdays ago.
Released a day after May Day, the number was the worst quarterly showing since the global financial crisis in 2009, when total employment in Singapore shrank for two consecutive quarters.
Copyright © 2015 Singapore Press Holdings. All rights reserved.
http://www.straitstimes.com/news/opi...ncern-20150516 (http://www.straitstimes.com/news/opinion/eye-singapore/story/just-300-more-jobs-filled-q1-cause-concern-20150516)
Click here to view the whole thread at www.sammyboy.com (http://singsupplies.com/showthread.php?206884-Only-300-jobs-added-in-1st-quarter-times-are-bad!&goto=newpost).