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labour market
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%. It did reach an all-time high of 6% in early 1986 as Singapore faced its first recession p
June 28, 2019
Labour market
Why universal basic income is a bad idea
SINGAPORE (July 1): Owing to the inadequacy of the social safety net in the US and other developed countries, proposals for a universal basic income (UBI) are gaining in popularity. The gap between the rich and everyone else has expanded significantly in
June 28, 2019
Singapore economy
2019 GDP growth to ease to 'slightly above midpoint' of 1.3-3.5% forecast: MAS
SINGAPORE (Apr 26): MAS expects GDP growth to come in slightly above the mid-point of 1.3-3.5% forecast range in 2019, as growth momentum of the global economy has moderated at the turn of the year amid sluggish trade.
April 26, 2019
Labour market
Proportion of PMET retrenchments hits all-time high
SINGAPORE (Mar 14): Professionals, managers, executives and technicians (PMETs) accounted for a staggering 79.3% of retrenched residents in 4Q18, according to a labour market report released by the Ministry of Manpower (MOM) on Thursday.
March 14, 2019
Singapore economy
Singapore wants more 'sustainable' foreign labour dependency
(Bloomberg): Singapore’s Minister for Trade and Industry Chan Chun Sing said the tightening in foreign worker rules announced in the budget this week was a “surgical” move targeted at specific industries to make the labour market more sustainable.
February 21, 2019
US Economy
Fed nudges up rates amid stronger inflation, drops crisis-era guidance
(June 14): The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank’s shift from policies used to battle the 2007-2009 financial crisis and recession.
June 14, 2018
Singapore economy
Singapore's 1Q GDP growth to exceed 4% on-year: Maybank forecasts
SINGAPORE (Apr 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016.
April 05, 2018
Careers & Training
Strong hiring outlook in Singapore continues into 2Q18
SINGAPORE (Mar 13): Singapore’s employers are continuing to indicate a strong hiring outlook for 2Q18 with 16% intending to hire during the quarter ahead, according to data from workforce solutions company ManpowerGroup’s latest ManpowerGroup Employme
March 13, 2018
Global Markets
Fed to shrink assets next month, boost rates by year end
(Sept 21): The Federal Reserve moved to dismantle a pillar of crisis-era support for the world’s biggest economy and stuck with its forecast to raise interest rates again this year, saying hurricane damage won’t derail an otherwise healthy expansion.
September 21, 2017
Redundancies & unemployment rate may remain elevated, warns MOM
SINGAPORE (June 13): The labour market outlook remains uneven across sectors, according to the latest labour market data released by the Manpower Research and Statistics Department, Ministry of Manpower (MOM).
June 13, 2017