HR & EDUCATION | Staff Reporter, Singapore

Chart of the Day: Median gross monthly income rises to $4,232 in 2017

Workers' skills are improving.

This chart from the Ministry of Manpower (MoM) shows the median income for full-time employed residents grew from $4,056 in 2016 to $4,232 in 2017.

Growth rate hit 4.3% or 3.7% in real terms, faster than the nominal 2.7% and 3.3% real increases in 2016.

MoM said the growth was caused mainly by improved economic conditions and a higher-skilled workforce.

Real GDP grew by 2.4% in the twelve months ending June 2017, compared with 1.8% in the same period ending June 2016.

Professionals, Managers, Executives and Technicians (PMET) job vacancies increased from 26,300 in June 2016 to 27,500 in June 2017, whilst non-PMET job vacancies declined further from 24,200 to 22,500.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.