13 Aug '17, 7am

Job market in Singapore still weak

Job market in Singapore still weak

Singapore has been reporting more cheerful economic growth numbers this year but this pick-up is not translating into a stronger labour market. Economists and government officials say the employment outlook is expected to remain lacklustre as growth has been uneven across sectors. The Ministry of Trade and Industry (MTI) on Friday (Aug 11) narrowed up its forecast for economic growth this year to 2 to 3 percent, from an earlier estimate of 1 to 3 percent. It announced this alongside the release of the latest Economic Survey of Singapore, which showed the economy expanded 2.9 percent in the April to June quarter compared with the same period a year earlier. This was faster than the 2.5 percent growth in the preceding quarter and also an upward revision from an earlier estimate of 2.5 percent. People form a long queue for a job interview with the Singapore Mass Rapid Transit...

Full article: http://www.thedailystar.net/business/job-market-singapore...

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