,Singapore

86,600 SG residents jobless in June amidst heightened alert and Delta jitters

Total employment fell in the second quarter by 15,700.

Approximately 86,600 Singaporean residents were jobless as of the end of the second quarter, lower than the 95,000 registered in March 2021, according to data from the Ministry of Manpower (MOM).

The unemployment rate declined to 2.7% by a scant 0.1% compared to the previous quarter.

Citizen unemployment is at 3.8% in June, continuing its decline since hitting a 4.9% peak in September 2020.

Total employment for the second quarter fell by 15,700. This was after it had registered a first increase in employment in the first quarter following a full year of decline in 2020.

The MOM attributed this to slower resident employment growth in response to tighter safety management measures, and the steep decline in non-resident employment.

Retrenchment went up to 2,500 in the second quarter from the first quarter’s 2,270, mainly due to layoffs in the manufacturing and construction sectors.

“The rise in Delta variant COVID-19 cases globally, as well as the Phase 2 (Heightened Alert) measures from 16 May to 13 June, may have dampened the hiring intent of companies. Although two-thirds of the companies polled in June 2021 (64%) indicated they had plans to hire, this was down from the 73% in March 2021,” the MOM said.

Join Asian Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The Indonesian cargo airline to invest to help the airport become the country’s leading logistics hub
Massive adoption of tech without critical tech advice from experts could spell doom for lenders.
Despite NCDs accounting for 41 million deaths annually, they are still healthcare's 'blind spot', expert says.
Air Cargo Airlines saw a big opportunity in the midst of the COVID-19 pandemic.
HKTDC, ACCA list services HK can offer for businesses expanding in RCEP markets.
This is based on a survey conducted amongst Gen Z and Millennial entrepreneurs.
Amanda Murphy will lead South Asia and SEA whilst Frank Fang, the GBA.
Revenue growth was most expected by Biotechnology start-ups (30%).
Mahesh is rejoining Deutsche after leaving in 2017.
ABF spoke with industry experts from Mastercard, Enterpryze, Boku, and Xfers to learn more.
Research reveals how corporate purpose-related social media communications engage and align with public interest in Asia.
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
The central bank is willing to lend 60% of the required funds at a 1.75% rate.
SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.