, Singapore

Chart of the Day: Guess which sector make up the bulk of layoffs in Singapore

Majority of redundancies are from the services sector.

Preliminary estimates showed that overall unemployment rate in September 2016 was unchanged from June 2016, figures from Ministry of Manpower revealed.

However, there is still a significant number of Singaporean being subjected to redundancies. Based on preliminary estimates, some 4,100 workers were made redundant in the third quarter of 2016, down from the 4,800 in the previous quarter.

However, the number of redundancies was higher than the 3,460 a year ago, amid subdued global economic conditions and internal economic restructuring.

By sectors, redundancies fell over the quarter in services and manufacturing, while it increased in construction. Services continued to form the bulk of redundancies (59%) in the third quarter of 2016, followed by manufacturing (27%) and construction (15%).

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