Singapore: Despite Trade-Led Rebound, Uneven Growth Necessitates Targeted Policy Support

Singapore: Current Account Surplus Points to Systemic Imbalances

Singapore: External Solidity, Domestic Stresses

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

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Economic Policy and Strategic Advisors

Macroeconomics

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Overall unemployment rate remained steady at 2.2% in 2Q17, with the unemployment rate for residents and citizens at 3.1% and 3.3%, down from 3.2% and 3.5% in 1Q17 respectively.</li>
<li>
Employment contracted in 2Q17 by 7,900, continuing the decline of 9,400 in 1Q17. The services sector increased hiring but more workers were shed by the manufacturing and construction sectors, with the brunt of it borne by foreign workers rather than residents.</li>
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Retrenchment figures improved: Only 3,640 workers were laid off…</li>
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Overall unemployment rate remained steady at 2.2% in 2Q17, with the unemployment rate for residents and citizens at 3.1% and 3.3%, down from 3.2% and 3.5% in 1Q17 respectively.

Employment contracted in 2Q17 by 7,900, continuing the decline of 9,400 in 1Q17. The services sector increased hiring but more workers were shed by the manufacturing and construction sectors, with the brunt of it borne by foreign workers rather than residents.

Retrenchment figures improved: Only 3,640 workers were laid off…


Singapore: Labour Market Still Vulnerable Despite Trade Uplift