Fewer workers laid off in Q1 2016: Manpower Ministry

Between January and March, 4,600 workers were made redundant, compared to the 5,370 that were laid off between October and December. However, the number was higher compared to the same period a year ago, according to figures from the Manpower Ministry.

Office workers sit along the quay at Raffles Place financial district in Singapore. (Photo: AFP/Roslan Rahman)

SINGAPORE: Fewer workers were laid off in the first quarter of the year compared to the previous quarter, although the number was higher compared to the same period a year ago, according to preliminary figures released by the Ministry of Manpower (MOM) on Thursday (Apr 28).

Between January and March, 4,600 workers were made redundant, compared to the 5,370 that were laid off between October and December. A total of 3,500 workers were laid off in the same period last year.
Fewer workers in the manufacturing and construction sectors were laid off, but more were made redundant in the services industry, according to the ministry.
EMPLOYMENT ROSE AT SLOWER PACE
Employment grew at a slower pace in the first quarter compared to the previous quarter, due to the end of the festive period.
Total employment grew by 11,400, lower than the seasonally high growth in the fourth quarter of 2015 at 16,100 and a reversal from the decline of -6,100 in the first quarter of 2015.
The proportion of Singaporeans that were unemployed declined during the quarter. Among Singapore citizens, the unemployment rate declined from 3 per cent to 2.6 per cent from December 2015 to March 2016. The rate also declined among residents from 2.9 per cent to 2.7 per cent over the same period.
The decline was largely due to a lower labour force participation rate among youths aged 15 to 24, the ministry said.
The overall seasonally adjusted unemployment rate remained unchanged at 1.9 per cent.

- CNA/cy

Fewer workers laid off in Q1 2016: Manpower Ministry

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