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SINGAPORE – The labor market showed slight signs of a slowdown in the second quarter after a steady improvement since last June, preliminary estimates released Friday (July 27th) by the Department of Labor said. MOM). 19659002] Unemployment figures increased slightly, even as total employment increased, as a result of the resurgence of economic recovery and job search by workers
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Overall, the seasonally adjusted unemployment rate rose to 2.1%, from 2% in the last quarter of April to June.
The rate went from 3% to 3.1%
More people lost their jobs during the same period compared to the previous three months.
After hitting a low of 2,320 layoffs in five years and March, retrenchm In the second quarter, the number of The figure was 3,640 a year ago
They came mainly services and manufacturing, with the manufacturing sector contributing to the increase in layoffs compared to the previous quarter (19659003), increased by 7,100 – a larger increase than the growth of 400 in the first quarter. This situation is due to the improvement of the employment situation in the construction and manufacturing sectors, said the Deputy Secretary General of the Labor Party and Secretary General of the National Union, Patrick Tay, in an article on Facebook. Structural difficulties such as skills and job mismatches continue to be one of the main causes of unemployment in Singapore, he added, due to disruption and reorganization companies. stressing the need for workers and employers to remain agile and adaptable.
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