THE CHARTIST: SIN­GA­PORE HITS RECORD HIGH PAY AND LOW­EST UN­EM­PLOY­MENT RATE

Singapore Business Review - - FIRST -

The city’s av­er­age wages reached an all-time high of S$5,596 per month in al­most 28 years, up from its record low of S$1,302 per month in the sec­ond quar­ter of 1989. Recorded in the last quar­ter of 2017, the high­est av­er­age monthly wage is ex­pected to be on an up­ward trend un­til July 2018.

An­a­lysts at Trad­ing Eco­nomics re­ported that a typ­i­cal Sin­ga­porean’s pay­check av­er­aged at S$3,272.93 per month from 1989 to 2017. Mean­while, the city’s sea­son­ally ad­justed un­em­ploy­ment rate went down to 2% from the pre­vi­ous pe­riod’s 2.1%, be­com­ing the low­est job­less rate since March 2016. An­a­lysts said that un­em­ploy­ment rate av­er­aged 2.44% from 1986 to 2018, with an all time high of 6% in the first quar­ter of 1986 and a record low of 1.4% in the sec­ond quar­ter of 1990.

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