Singapore statistics: Rising Wage Costs & 2007 Labour Market Records

Singapore Statistics – Jobs Health Card – is it too good ?

Employment was up by a record 234,900 or 9.4%

Employment of foriegners hit a new high of 144,500

Overall unemployment dropped to 1.6% in December 2007, the lowest in a decade

The number of workers retrenched fell by 39per cent to a 14 year low of 7,675

Two in three retrenched in the private sector were re-employed within six months, the highest re-employment rate since 1997

There were 37,400 job vancancies in December with a decade high ratio of 138 job openings for every 100 job seekers

Singapore statistics as reported in TODAY

For the latest in job offerings visit: Recruit.net

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