These are difficult times and Singapore is not spared. According to some news reports, “employment growth in Singapore slowed in the third quarter, with the job market expected to deteriorate further as the global financial crisis takes its toll on an economy already in recession”
Although Singapore’s unemployment rate held steady at 2.2 percent in September, some analysts warned that tough times lie ahead. One expert even predicted that unemployment is expected to “rise to 2.6 percent in the fourth quarter.”
Among the jobs created in the third quarter of 2008 – total of 57,800 – the services industry accounted for the biggest slice of the pie at 63 percent, followed by construction sector at 28 percent or 16,400 workers, then manufacturing sector added 4,900 workers.
Source: Reuters
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Hi,
I would like to ask for your advice. I already have EPEC and am planning to try my luck in February. But I am quite worried as there is a crisis now and it might be difficult to find job. I heard that companies are retrenching. What is the best time to go there?
Thanks,
Angel
Hi Angel,
The job climate now for foreigners like you is a bit more challenging but not impossible. The best time really is when you are ready and decided. Your EPEC can help you in many ways but is not a guarantee that you will get a job. You can check out this link to maximize the value of your EPEC:
http://www.sugarpinoy.com/2008/08/6-smart-ways-to-maximize-value-of-your.html
Regards,
SuGar Pinoy Administrator