ID :
188659
Wed, 06/15/2011 - 08:00
Auther :
Shortlink :
https://oananews.org//node/188659
The shortlink copeid
SINGAPORE'S OVERALL UNEMPLOYMENT RATE LOWEST IN THREE YEARS
SINGAPORE, June 15 (Bernama) -- Singapore's overall unemployment rate fell to 1.9 per cent in March 2011 from a seasonally-adjusted 2.2 per cent in December 2010, amid healthy economic growth and fewer workers were laid off, statistics released by the Ministry of Manpower showed.
In a statement, the ministry said the resident unemployment rate declined over the same period to 2.7 per cent from a seasonally-adjusted 3.1 per cent.
It said both the overall and resident unemployment rates were the lowest in three years.
An estimated 54,300 residents were unemployed in March 2011. It was 57,000 after adjusting for seasonality.
The ministry said with strong manpower demand, the ratio of job openings to job-seekers rose to pre-recessionary levels.
Employment creation was fairly strong in the first quarter of 2011, though it has eased from the robust gains during the initial rebound from the 2009 recession.
Total employment rose by 28,300 in the first quarter of 2011, down from the seasonal high gains of 33,900 in the fourth quarter of 2010, driven by year-end hirings for the festive season.
The growth was also lower than the robust 36,500 in the first quarter of 2010, supported then by hirings arising from the integrated resorts and the strong job market rebound from the recession.
It said most of the gains in the first quarter of 2011 came from services (26,500).
All services industries expanded their workforce, led by community, social & personal services (9,000), professional services (4,400) and wholesale & retail trade (3,400).
Construction added 1,500 workers, recording an increase for the second consecutive quarter, supported by increase in public sector building activities.
Manufacturing registered small gains of 100.
-- BERNAMA
In a statement, the ministry said the resident unemployment rate declined over the same period to 2.7 per cent from a seasonally-adjusted 3.1 per cent.
It said both the overall and resident unemployment rates were the lowest in three years.
An estimated 54,300 residents were unemployed in March 2011. It was 57,000 after adjusting for seasonality.
The ministry said with strong manpower demand, the ratio of job openings to job-seekers rose to pre-recessionary levels.
Employment creation was fairly strong in the first quarter of 2011, though it has eased from the robust gains during the initial rebound from the 2009 recession.
Total employment rose by 28,300 in the first quarter of 2011, down from the seasonal high gains of 33,900 in the fourth quarter of 2010, driven by year-end hirings for the festive season.
The growth was also lower than the robust 36,500 in the first quarter of 2010, supported then by hirings arising from the integrated resorts and the strong job market rebound from the recession.
It said most of the gains in the first quarter of 2011 came from services (26,500).
All services industries expanded their workforce, led by community, social & personal services (9,000), professional services (4,400) and wholesale & retail trade (3,400).
Construction added 1,500 workers, recording an increase for the second consecutive quarter, supported by increase in public sector building activities.
Manufacturing registered small gains of 100.
-- BERNAMA
