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Is Insurance A Career Worth Pursuing?

Is insurance jobs in Singapore good money? Well it depends on what position or branch your working for in the insurance firm. For example, these are some of the insurance positions in Singapore: Actuarial Analyst which makes on average 9,773 in Singapore dollars; Actuarial Assistant makes on average 7,627 in Singapore dollars; Actuary which makes on average 9,801 in Singapore dollars; Adjustment Insurance Clerk makes on average 5,463 in Singapore dollars; Assistant Broker makes on average 6,995 in Singapore dollars. On average a person in Singapore working with insurance earns 8,480 in Singapore dollars a month. In Singapore 23 to 26% of Singapore households income fall under S$3,000 per month which is considered poverty in Singapore. The average annual salary in Singapore is S$67,152 which is S$5,596 per month according to https://blog.seedly.sg/salary-guide-singapore/amp/ . Insurance jobs in Singapore would make good money and then some if your looking for a Insurance …

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Unemployment statistics in Singapore

Unemployment statistics in Singapore

 

With a 2.2% unemployment rate recorded in the first quarter of 2019, unemployment statistics in Singapore remains one of the lowest amongst in the world.

Despite what seems like a healthy unemployment statistics, Singapore has been experiencing a slowdown in the economy, after 2018’s robust growth, where unemployment rate was averaging 2.1% throughout the year. While 2018’s lower jobless rate was driven by expansionary economic activities anticipated towards the end of 2017, this came to a standstill as layoffs rose and vacancies began a steady decline in December 2018.

 

Amongst residents, unmployment statistics held steady at 3.0% from December 2018, while that of citizens rose from 3.1% in last year’s fourth quarter to 3.2% in the first quarter of 2019. Employment, which is typically higher during festive season was 14,700 around 2018 Christmas, but dropped to 10,700 during Q1 of 2019. Note that this Q1 figure is still …