30 Nov '11, 9pm

S'pore employment rate hits a new high

SINGAPORE - As employment hit a new high of 78 per cent for the resident population this year, nominal incomes also rose strongly amid a tighter labour market, even with sustained pressure from inflation this year. The median monthly income from work (including employer Central Provident Fund contributions) of full-time employed residents rose by 8.3 per cent over the year to S$3,249 this year, higher than the 2.5-per-cent growth registered last year, said the Manpower Ministry (MOM), which released findings from its Labour Force Survey yesterday. Taking headline inflation into account, the median income rose in real terms by 3.1 per cent this year, after a slight dip of 0.3 per cent last year. While the median monthly income of full-time employed residents rose 11 per cent over the last 10 years or 1.1 per cent per year, incomes at the bottom 20 per cent rose only 2.6 per...

Full article: http://www.todayonline.com/Singapore/EDC111201-0000014/Sp...

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