Chart of the Day: Check out total employment contraction in Q3

More than 3,000 jobs were gone.

Total employment contracted in the third quarter of 2016 by 3,300 after slower growth in the previous two quarters, latest figures by Ministry of Manpower revealed. This is the second time total employment has contracted since the 2008/2009 recession.

"There was a broad-based slowdown in employment growth in the third quarter of 2016," MOM noted, saying employment growth in services (5,700) slowed from the previous quarter (7,600).Meanwhile, employment in manufacturing continued to decline (-3,700) for the eighth consecutivequarter.

"The magnitude of decline was largely similar to the previous quarter (-3,400), as business outlook for the sector remained unchanged. Employment change in construction also turned negative (-5,200), after four quarters of moderated increases. This occurred amid declines in private sector construction activities," MOM explained.

In September 2016, total employment reached 3,670,200, 0.8% higher than a year ago. This was lower than the 1.3% growth in June 2016 and the average growth of about 2.0% in 2015.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia