Singapore's unemployment rate has fallen further.
At the end of September, it was 2.1 per cent, down from 2.2 per cent in June. The Manpower Ministry (MOM) said among the resident labour force, the unemployment rate was 3.1 per cent, also down by 0.1 percentage point. It said in its preliminary estimates for the third quarter, total employment has grown by 24,100 in the quarter. This brought total employment growth in the first nine months of the year to 85,500, compared to a flat growth of 100 in the corresponding period of last year, due to the global economic downturn. MOM said the employment creation came primarily from the services sector, which added 24,100 workers in the quarter. Construction employment rose marginally (100) due to the completion of major building projects earlier in the year. Manufacturing employment continued to fall (-400), though the decline eased from the previous quarter (-2,300). MOM said based on preliminary estimates, 1,400 workers were retrenched and 500 had their contracts terminated prematurely, resulting in a total of 1,900 workers made redundant in the third quarter. This was lower than the 2,280 workers made redundant in the second quarter. With the pick up in the economy, redundancy in manufacturing fell to 900 from 1,220 in the previous quarter. Services laid off 900 workers, about the same as the previous quarter. Construction displaced 100 workers, compared with 150 in the second quarter of 2010. -CNA/wk www.channelnewsasia.com 29 October 2010 |
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Unemployment rate falls in Singaporeposted Oct 29, 2010 1:28 AM by Poon Paul |