ID :
178794
Fri, 04/29/2011 - 08:44
Auther :
Shortlink :
https://oananews.org//node/178794
The shortlink copeid
S'PORE POSTS FAIRLY STRONG EMPLOYMENT CREATION IN Q1, 2011
SINGAPORE, April 29 (Bernama) -- Amid the healthy economic expansion, Singapore's employment creation in the first quarter of this year is fairly strong, according to statistics released by the Manpower Research and Statistics Department of the Ministry of Manpower).
Preliminary estimates showed total employment grew by 23,700 in the first quarter of 2011.
The increase was expectedly lower than the seasonal high of 33,900 in the fourth quarter and the robust 36,500 gains in the first quarter last year, supported then by strong hirings arising from the integrated resorts and the recovery from the 2009 recession.
The bulk or 22,800 of the employment gains in the first quarter of 2011 came from services.
Construction added 1,100 workers but manufacturing employment declined by 500 lower than the contraction of 1,200 in the preceding quarter.
The statistics also showed that based on preliminary estimates, 2,600 workers were retrenched and 400 had their contracts terminated prematurely, resulting in a total of 3,000 workers made redundant in the first quarter of 2011, compared with 3,190 redundancies in the preceding quarter.
Manufacturing reported the largest number of redundancies, affecting 1,600 workers. Services laid off 1,000 and construction displaced 400 workers.
Reflecting the tight labour market, the overall unemployment rate fell from a seasonally adjusted 2.2 per cent in December 2010 to 1.9 per cent in March 2011.
Among the resident labour force, the unemployment rate declined over the same period from a seasonally adjusted 3.1 per cent to 2.7 per cent. Both the overall and resident unemployment rates are the lowest in three years.
On a non-seasonally adjusted basis, the unemployment rates in March 2011 (overall: 1.8 per cent, resident: 2.6 per cent) were lower than in December 2010 (overall: 2.0 per cent, resident: 2.7 per cent) and March 2010 (overall: 2.1 per cent, resident: 3.1 per cent).
An estimated 54,400 residents were unemployed in March 2011. The seasonally adjusted figure was 57,100.
Preliminary estimates showed total employment grew by 23,700 in the first quarter of 2011.
The increase was expectedly lower than the seasonal high of 33,900 in the fourth quarter and the robust 36,500 gains in the first quarter last year, supported then by strong hirings arising from the integrated resorts and the recovery from the 2009 recession.
The bulk or 22,800 of the employment gains in the first quarter of 2011 came from services.
Construction added 1,100 workers but manufacturing employment declined by 500 lower than the contraction of 1,200 in the preceding quarter.
The statistics also showed that based on preliminary estimates, 2,600 workers were retrenched and 400 had their contracts terminated prematurely, resulting in a total of 3,000 workers made redundant in the first quarter of 2011, compared with 3,190 redundancies in the preceding quarter.
Manufacturing reported the largest number of redundancies, affecting 1,600 workers. Services laid off 1,000 and construction displaced 400 workers.
Reflecting the tight labour market, the overall unemployment rate fell from a seasonally adjusted 2.2 per cent in December 2010 to 1.9 per cent in March 2011.
Among the resident labour force, the unemployment rate declined over the same period from a seasonally adjusted 3.1 per cent to 2.7 per cent. Both the overall and resident unemployment rates are the lowest in three years.
On a non-seasonally adjusted basis, the unemployment rates in March 2011 (overall: 1.8 per cent, resident: 2.6 per cent) were lower than in December 2010 (overall: 2.0 per cent, resident: 2.7 per cent) and March 2010 (overall: 2.1 per cent, resident: 3.1 per cent).
An estimated 54,400 residents were unemployed in March 2011. The seasonally adjusted figure was 57,100.
