unemployment

Labour market

Total employment sinks deeper in June, following circuit breaker measures

Singapore’s labour market is reeling from the effects of the Covid-19 health-turned-economic crisis, as total employment plummeted by 121,800 in June 2020.

High debt a concern as Singapore faces its most severe downturn, says Menon of MAS

Singapore economy

High debt a concern as Singapore faces its most severe downturn, says Menon of MAS

SINGAPORE (July 17): The economic and health crisis brought about by the Covid-19 pandemic will have quite some ways to go.

Labour market

Total employment makes historic drop in 1Q20 as ratio of job vacancies to unemployed persons falls

SINGAPORE (June 15): Singapore’s labour market is feeling the weight of the Covid-19 health-turned-economic crisis, as total employment contracted sharply by 25,600 in 1Q20 ended March.

Global Economy

BNP Paribas downbeat on 2H outlook as policy measures to spur economy may backfire

SINGAPORE (June 3): Policy measures undertaken by governments and central banks may not have their desired effect to mitigate the economic impact of the novel coronavirus (Covid-19) pandemic, warns

Global Economy

Briefs

Quoteworthy: “This is a girl who’s had a masterclass in North Korean politics.” –— Michael Madden, a US expert in North Korean leadership, referring to Kim Yo Jong, sister of North

Singapore economy

Job losses and wage declines expected

SINGAPORE (Apr 30): Layoffs and unemployment are expected to mount in Singapore this year despite fiscal measures such as the Jobs Support Scheme (JSS) which provides a blanket wage subsidy for all

Labour market

Unemployment rate rises to 2.4% in 1Q20, but economists say more layoffs and job losses to come

SINGAPORE (Apr 29): Singapore’s seasonally-adjusted unemployment rate rose a smidgen 0.1 percentage points in 1Q20 ended March, continuing the softer labour market conditions of 2019.

CoVid-19

World economy working from home gets a glimpse of the virtual future

(Apr 15): The lockdown gripping much of the world economy has spurred a real-time stress test of the long-heralded digital future.

LABOUR MARKET

Unemployment and retrenchment levels to ease as economy shows signs of picking up

SINGAPORE (Dec 20): Singapore’s labour market came under some pressure earlier this year, as the slowing economy saw hiring sentiment turning more cautious across industries.

Labour market

Measures needed to address unemployment among young grads

SINGAPORE (July 1): The labour market in Singapore has typically been tight. Over the last four decades, the city state had an average unemployment rate of 2.43%.

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