30 Nov '11, 3am

Tighter labour market sees income go up to $2,633 from $2,500

Median monthly incomes rose to a high of $2,633 in 2011 in June, up from $2500 last year, according to latest statistics from the Manpower Ministry. -- ST PHOTO: JOYCE FANG By Cai Haoxiang Median monthly incomes rose to a high of $2,633 in 2011 in June, up from $2,500 last year, according to latest statistics from the Manpower Ministry. The inflation-beating rise reflects a tighter labour market where the employment rate of older residents and women reached new highs, the report said. The median monthly income of a full-time worker was $2,925, while that of a part-time worker was $750. This is an increase from $2,708 and $700 last year. The employment rate for older residents 'made good progress', the report said. A record 61.2 per cent of residents aged 55 to 64 were working in 2011, up from 59.0 per cent a year ago. Please enable JavaScript to view the comments powered b...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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