Singapore companies expect to continue hiring in spite of the poor global economic outlook, according to a survey by Kelly Services. However, unemployment may creep up if Singapore’s economic growth rate eases to between 1% and 3% this year. “Looking at data from 1983 to about 2003, we found that we need about 6% GDP growth rate just to keep unemployment steady,” said SMU Professor Hoon Hian Teck.
Related: Hiring activity expected to pick up in second half of 2012 - January 11
Channel NewsAsia