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 Job Market Surveys
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Singapore Labour Market 3rd quarter 2007 |
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Total employment expanded by 58,600 in Q3
07, up substantially from the increase of 43,000 in Q3 06, making it the
second highest quarterly increase after the 64,400 recorded in Q2 07... |
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1,827 workers were retrenched in Q3 07, an
improvement from 2,472 in Q3 06 and 1,918 in Q2 07[2]. This brings the
total number retrenched in the first nine months of 2007 to 5,709, much
lower than 9,388 in the same period last year... |
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More..... |
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Singapore
Workforce 2007 |
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The continued tightening of the labour
market this year has also led to significant gains in income and a
reduction in the number and share of low wage workers... |
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Excluding the
extreme age bands, the employment rate for those aged 25 to 64 edged up
to a new record of 76.5% from 75.5% a year ago. Supported by efforts to
improve employability of older workers, the employment rate of older
residents aged 55 to 64 rose by 2.5%-points over the year to 56.2% in
June 2007.. |
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More..... |
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Singapore Labour Market 2nd quarter 2007 |
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Total employment grew by an all-time
quarterly high of 64,400 in Q2 07, surpassing the increase of 49,400 in
Q1 07 and 36,400 in Q2 06. This brought employment growth in the first
half of 2007 to 113,800, compared with 81,500 in the same period last
year. |
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With the robust employment gains, the
seasonally adjusted overall unemployment rate declined significantly to
2.3% in Jun 07 from 2.9% in Mar 07. The resident1
unemployment rate also fell to 3.1% from 4.0% over the same period. An
estimated 76,100 (or 60,200 after seasonal adjustment) residents were
unemployed in Jun 07... |
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More..... |
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Employment situation in 2nd Quarter 2007 |
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"Preliminary estimates show that total employment grew
by a record quarterly high of 61,900 in the second
quarter of 2007, as the economy continued its strong
growth... |
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"Employment grew in all
the major sectors, led by services which added 33,600
workers. Manufacturing posted gains of 16,600, higher
than earlier quarters..." |
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More.... |
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Survey on conditions of employment for older workers in 2006 |
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"As at June 2006, nearly all private sector
establishments surveyed (97%) hired Singapore citizens aged 40 to 49.
However, the proportion employing workers in their 50s declined to 89%
and more sharply to 54% for those older. |
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"Seven in ten employers cited relevant skills
and work experience as the most common reason workers in their 40s and
50s fit into organisations. Although this was also important for older
workers aged 60 & over (52%), the top reason cited for employing them
was their lower likelihood to job-hop (61%)..." |
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More..... |
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Report on labour force in Singapore in 2006 |
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"76% of the
resident population aged 25 to 64 were employed, the highest since the
data was first compiled in 1991, up from 73% in 1996... |
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"12% or
172,000 of resident employees were engaged on term contracts in
June 2006 while the remaining 88% were permanent employees3. On
average, employees on term contract drew lower pay than those on
permanent appointments... |
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"The share
of degree holders almost doubled to 23% from 12% a decade ago..." |
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More..... |
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Conditions of Employment
2006 |
| "The
5-day workweek is the norm, with higher share of
employees now on this arrangement than two years ago.
Close to two in five (40%) full-time employees in the
private sector worked 5 days a week in 2006, up from
34% two years ago. |
| "Lagging
significantly behind, were the 5½-day (15%), 6-day
workweek (16%), and shift work (17%) each accounting
for less than one in five employees in 2006..." |
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More..... |
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Labour Market 3rd Quarter 2006 Report |
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"Cumulatively in the first nine months
this year, the economy added 124,500 workers, surpassing the gains
of 113,300 for the whole of 2005. This employment creation is the
highest ever recorded1..." |
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More..... |
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Employment situation in 3rd Quarter 2006
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Singapore Labour Market Report for 2nd Quarter 2006
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