Chart of the Day: Check out how employment in the manufacturing sector crashed

Thousands of workers are being laid off.

The city-state may have experienced booming employment in its services and construction sectors, but its manufacturing sector has been going against the grain.

According to a report by Maybank Kim Eng, while the unemployment rate in 3Q15 was unchanged at 2% of workers, unemployment among locals was up to 3%.

The report added that this came even as the number of people employed rose by 16,400 during the quarter, due to contributions by the services and construction sectors.

“The services sector reported 17,000 additional employments during the quarter while the construction sector added 3,800 workers,” Maybank Kim Eng said.

Meanwhile, on the other side remains the export oriented manufacturing sector, which continues to cut down the number of employment.

Maybank Kim Eng adds that in 3Q15 alone, 4,300 workers have been laid off in the sector.

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