Chart of the Day: Here’s solid proof that local job creation in Singapore is in a virtual standstill

Local employment took a nosedive after two strong years.

Locals of the city-state are finding it a little harder to find a job as the job market has stagnated woefully in 2015.

According to a report by Citi, out of 32.3k jobs created in 2015, local employment was flat at just 0.7K.

This value is even more distressing if you compare it with 2014 and 2013, which saw exceptionally strong growth of 96k and 82.9k respectively.

Meanwhile, while Citi says local job creation actually surged in construction (1.8k) and services (6k), but this was offset by losses in manufacturing (-7.3k).

“Full year job creation at 32.3K was less than a quarter of the 130.1K jobs created in 2014. This is broadly in line with MAS’s implicit expectations in Oct for job creation to slow to less than 50K per annum, from over 100K in recent years,” the report said.

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