Pretty Beaming First Quarter Employment Scenario for Singapore
As the economy here in Singapore gains momentum and presents an optimistic future, the latest report by the MOM (Ministry of Manpower) for first quarter of 2011 validates it further.
Singapore is magnet for global talent and hub for cross border business activities. This small island country has carefully devised its policy to acquire foreign talent to its core sectors. This ensures that only the best of the minds get selected at each level, which is strongly reflected by the Singapore Employment Pass criteria and other immigration laws.
Echoing a robust first quarter growth, the unemployment rate was recorded at a year low at 3.
The report suggests that more than 23,700 jobs were created in the first quarter of this year in which prominently the service and the construction sector figured on the top. The construction sector added 1,100 workers while the service sector created bulk employment gains of 22,800.
Apparently this rise is lower than the last year’s surge, which was due to the rapid hiring from the newly integrated resorts.
The first quarter employment report of Singapore speaks volumes about the growth and the job market it sustains. It further iterates the fact that Singapore remained unfazed by the recent global crisis and is hitting the right track with a revised GDP forecast of 5-7% for the rest of the year. It is interesting to note that the globalised world finds Singapore a perfect place to start or grow a new international venture which brings a vast work force from every corner.
In order to sustain a seamless pool of foreign talent Singapore government has devised liberal and at the same time stringent immigration laws. Focused on acquiring every skill in the country, different Singapore Work Visas have been incorporated. This in no way harms the interest of local residents as ample of checks and parameters have been set for foreign workers.
Catering to all sectors Singapore immigrations has categorized Singapore Work Visa into Singapore Employment Pass, Singapore Work Pass, Singapore Entrepass and various other work passes. All in all the reports being positive suggest Singapore to be a global talent accusation destination with escalating future for all.
About Author:
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Peter Lee is a renowned visa consultant here at Singapore and had efficiently processed hundreds of visas/pass for foreign immigrants and expatriates. You can get the most ample counsel for your Singapore Work Pass from Mr. Lee. This would lead to much higher chances of success for your visa application.
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