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

</p>
<p><center>Team Wealth Academy</center>

Team Wealth Academy

Wealth Educators

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.

Disclaimer

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. Adam Khoo Learning Technologies Group Pte Ltd (AKLTG) and its associated trainers are not liable for any losses incurred from your investment activities. Past investment performance is not necessarily indicative of future performance, even if the same strategies are adopted. All forms of investments carry risks. Such activities may not be suitable for everyone. 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 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. 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

Other articles you might be interested:

Beware of the "Adam Khoo" Scam!

Dear investors and traders, Adam Khoo here (the real one). It has come to my attention that scammers are using my name and reputation as a financial educator to solicit money from my students and online followers. While my team has reported…

Is Investing Risky?

When it comes to investing in the stock market, most untrained investors find it risky and get ‘burnt’ because they invest without knowing the fundamentals of the company and the stock market.

Is Investing Risky?

When it comes to investing in the stock market, most untrained investors find it risky and get ‘burnt’ because they invest without knowing the fundamentals of the company and the stock market.

Is It Safe To Use CPF To Invest In Fixed Income?

In investment, we always tell people that bonds are generally safer products than shares. But is it true that bond buyers really have no risk?

Passive Income - How Do We Generate?

In our quest for financial freedom, we tend to come across the term “passive income” very often. So what exactly is passive income and why do so many people desire to have some form of passive income?

Rising Wealth Inequality And Why It Should Concern You?

In Singapore, the top 20% of the population owns about a staggering 73% of Singapore’s wealth according to an estimate whereas the bottom 20% of the population owns only 1% of Singapore’s wealth.

Adam Khoo with Michael Covel on Trend Following (Podcast Included!)

It was an honour to be interviewed by Michael Covel, the foremost authority on 'Trend Following'. Michael is the best-selling author of 'Trend Following' and 'The Complete Turtle Trader'.

5 Highly Effective Ways To Grow And Bulletproof Your Wealth (Part 2)

At the bare minimum, we would want to ensure that rate of return on our savings is at least equal or higher than the rate of inflation. This is crucial because inflation generally causes the prices of most things to rise over time.

How To Profit By Using "Insider Trading" Information

In this article, we are exploring perfectly legal ways of utilising insider trading information to help us in our trading decisions. Simply because we are going to look at ways of getting public “insider” information that anyone can access at any time on the Singapore Exchange (SGX) website.