Singapore's labour productivity fell by 2.6 per cent in 2012
Singapore's labour productivity fell by 2.6 per cent in 2012 - a reversal of the growth of 1.3 per cent the previous year.
In the fourth quarter of last year, productivity fell by 2.5 per cent.
This was the fifth consecutive quarter of decline.
The drop was broad-based, with manufacturing, construction and services sectors all experiencing negative growth.
The Ministry of Trade and Industry attributes the decline in productivity numbers to the country's slower economic growth over the past two years.
The ministry's Economic Survey for 2012 which was released today also showed that nominal wages rose by 2.3 per cent.
However, this was the lowest growth in three years.
On a more positive note, total employment increased by nearly 130 thousand last year.
Unemployment remained unchanged at 2 per cent.
MORE SINGAPORE NEWS
- President Tony Tan opens charity art exhibition
- Republic Polytechnic's brain-control system to help "locked-in" patients
- 70% of SingPost retired staff rehired under re-employment initiative
- 20% of caregivers in S'pore report symptoms of depression: survey
- S'pore's I2R showcases new technology
- Proposed anti-discrimination labour law needs to be balanced in structure: Lim Swee Say
- Heng Swee Keat to officiate opening of NUS Research Institute in China
- Over 340 people arrested in islandwide anti-crime blitz
- More Allied Health Professionals joining hospitals, clinics
- Over 80 dragon boat teams slug it out at Marina Bay
- More restaurants in S'pore joining online food delivery portals
- Student arrested for selling forged medical certificates
- Singapore celebrates Vesak Day
- Eight youths arrested for rioting over staring incident
- NUS launches new business analytics degree programme
- New IT system for nursing homes helps cut down on manpower costs
- Lamborghini on fire
- NTU develops new stroke rehabilitation system
- Underground reservoirs could be S'pore's "fifth tap"
- Football: FAS calls off Causeway Challenge
Latest Photo Galleries on xinmsn
](http://sin.stb.s-msn.com/i/FA/55EA9FAEBCFF5D9AD3E4DA92462D4_h85_w116_m4_q80_cXAWQoYQT.jpg "Queen Elizabeth II [PA](©PA)")
- Shared
- Viewed
NEWS VIDEOS
938LIVE SINGAPORE NEWS
sitemap
- Entertainment
- Asia Celeb News
- Hollywood Buzz
- Korean Buzz
- Celeb Interviews
- Celeb Bios
- Celeb Blogs
- Photo Galleries
- Music Reviews
- Movies
- xinFirst Webisodes
- TV Channels
- Channel 5
- Channel 8
- Channel U
- okto
- Suria
- Vasantham
- Radio
- 938LIVE
- 987FM
- Class 95FM
- Gold 90.5FM
- Lush 99.5FM
- Symphony 92.4FM
- Capital 95.8FM
- Love 97.2FM
- Y.E.S. 93.3FM
- Ria 89.7FM
- Warna 94.2FM
- Oli 96.8FM
- XFM 96.3FM
- Lifestyle
- Beauty & Fashion
- Food
- Going Out
- Health
- Relationships
- Travel
- Work Life
- Style
- Style:Men
- Style:Weddings
- Style:Living
- i-Weekly i周刊
- 8 DAYS
- Timepieces
- FHM
- Manja
- Mother & Baby
- Elle
- Postbox
- News
- Singapore
- World
- Regional
- Sci-Tech
- Weird
- Business
- News Videos
- Sports
- Local Sports
- BPL
- World Football
- Formula One
- NBA
