UNEMPLOYMENT for Singaporeans continued to rise as the pace of employment growth slowed in the second quarter of this year, amid trade tensions and global uncertainties. Read more at The Business Times.
UNEMPLOYMENT for Singaporeans continued to rise as the pace of employment growth slowed in the second quarter of this year, amid trade tensions and global uncertainties.
The unemployment rate for Singaporeans rose for the third consecutive quarter to 3.3 per cent in June, up from 3.2 per cent in March. This is after seasonal variations were taken into account. Thus the data showed employment growth slowed in the second quarter. Total employment, excluding maids, grew by 4,000, lower than the growth of 10,700 in the preceding quarter and 6,500 in the second quarter of last year.
Construction continued to add workers, as a result of more public sector construction activities. Employment growth turned positive for the sector just this year, after 11 consecutive quarters of contraction.The ministry and Workforce Singapore together with the labour movement and employers"are closely monitoring the labour market situation, and stand ready to step up support for Singaporeans under the Adapt and Grow initiative", MOM added in a media statement.
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