Home News Featured News Unemployment and retrenchments rose in Q2 2016

Unemployment and retrenchments rose in Q2 2016




- Advertisement -

By: Kheng-Liang Tan

According to official data released by MOM on Thursday (15 Sep), the unemployment rate in Singapore rose to 2.1% in June this year. This compares with 1.9% in March.

Citizen unemployment stood at 3.1% in June, up from 2.6% in March. For residents, the rate rose from 2.7% to 3.0% over the same period.

In the second quarter of 2016, 4,800 workers were retrenched amid a backdrop of a slowing economy. Besides being roughly 50% more than last year’s 3250, the number of retrenched workers in the first half of 2016 currently stands at 9,510. This is at its highest since 2009.

- Advertisement -

The long-term unemployment rate – defined as those who were looking for job for more than 25 weeks – stood at 0.8%. Degree-holders aged 40 and over were the worst hit in this group.

The number of job vacancies fell from 50,000 in March to 49,400 in June. With more unemployed people, there are now 93 job openings per 100 job seekers.

Send in your scoop to news@theindependent.sg 

Please follow and like us:
- Advertisement -

Couple fined S$7,000 for trespassing and building on state land

Singapore — An architect and his wife have been prosecuted for trespassing and  building on state land. Tan Teck Siong and Cheah Mee Poh were fined a total of S$7,000 for building the main gate, driveway, walls, a fence and a part...

Thankful guest who served SHN sends Red Bull drinks to staff at 23 hotels

Singapore—When they receive good service, people write thank you notes, or leave good reviews. But one woman, who works for energy drink company Red Bull, was so thankful for the excellent service she got while serving a Stay-Home Notice (SHN) at a...

Mother of NSF complains that it is “damn ridiculous” that her son took so long to book out

The mother of an NSF took to social media complaining that her son took too long to book out of camp. In a post on Saturday (Jan 23) on the Facebook page Complaint Singapore, the woman wrote that she found it “damn...

Send in your scoop to news@theindependent.sg 

Please follow and like us: