Home News Featured News Unemployment and retrenchments rose in Q2 2016

Unemployment and retrenchments rose in Q2 2016

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By: Kheng-Liang Tan

According to official 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 were retrenched amid a backdrop of a . Besides being roughly 50% more than last year’s 3250, the number of retrenched in the first half of 2016 currently stands at 9,510. This is at its highest since 2009.

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The long-term unemployment rate – defined as those who were looking for for more than 25 weeks – stood at 0.8%. Degree-holders  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 .Follow us on Social Media

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