More Jobseekers Than Job Openings In Q2

If you have been keeping abreast of the local news lately, you would have noticed that the employment situation in Singapore have turned for the worst. Here’s a brief overview of what has happened:

  • For the first time since June 2012, there were more job seekers than job openings during the second quarter.
  • Nearly 3 out of 4 employers have no plans to hire for the next quarter.
  • More workers were laid off – 9,510 workers were made redundant in the first half of the year, the highest since 2009.
  • As the economy continues to restructure, displaced workers are strongly encouraged to pick up new skills in order to stay relevant.

For more information, you can assess the full articles using the links below:

“Nearly 3 in 4 Singapore employers have zero plans to hire more staff in Q4: Survey” – The Straits Times.

“Unemployment in Singapore rises, more workers made redundant in Q2” – Channel News Asia.

If you are looking for ways to shield yourself and are open to learning a recession-proof skill that will generate an income for yourself, do join us for the upcoming Wealth Academy Introductory workshop today.

About your author

<center>Team Wealth Academy</center>

Team Wealth Academy

Wealth Mentors

Team Wealth Academy is a dynamic team who strongly believes in promoting financial literacy to everyone. Founded in 2004, the team has successfully organized the widely acclaimed Wealth Academy™ Program regularly for more than a decade now.


Any content in this presentation should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. This course presentation is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. The publishers of Adam Khoo and Adam Khoo Learning technologies Group Pte Ltd (AKLTG) are not brokers, dealers or registered investment advisors and do not attempt or intend to influence the purchase or sale of any security. AKLTG does not guarantee the accuracy or completeness of the information displayed. This is shared purely for educational purposes only. 

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