SUBSCRIBE: Newsletter

Human Resources



Employment Situation 2014: Slight rise in unemployment in Q1

Gathering 50 top regional chief HR and senior business leaders at a three-day business retreat forum, the exclusive HR Innovation Leaders' Summit will happen from September 9-11. Get involved.

Unemployment in Singapore, while remaining low overall, rose slightly in the first quarter of 2014 while the number of layoffs declined after rising at the end of 2013.

These are the main findings from the Ministry of Manpower’s (MOM) Employment Situation, First Quarter 2014 report.

Seasonally adjusted employment rates rose in March 2014 from December 2013, according to preliminary estimates, to 2.1% from 1.8% overall. However, overall unemployment rates remain low.

Total employment grew by 24,900 in the same period, which is lower than the 40,600 reported in the previous quarter, and also lower than the 28,900 reported in the first quarter of 2013.  As at March 2014, there were 3,518,700 people employment in Singapore – a 3.9% increase from one year ago.

In terms of redundancies, layoffs declined in this latest quarter after rising in Q4 2013. In total, 2,900 employees were made redundant in the first quarter of this year – lower than the 3,660 workers affected in the preceding quarter, but higher than the 2,210 laid off in Q1 2013.

READ MORE: More layoffs in Singapore, but redundancy still low

For more information on income, labour force, labour turnover and more go to MOM’s Statistic and Publications page.

Image: Shutterstock

How do you know if your #learning is relevant for the #future?
Find out at the region's largest conference for HR and L&D practitioners, Learning & Development Asia, happening in September.
Register for early-bird savings now.

Read More News


Leave a Reply

You must be logged in to post a comment.