31 Jul '13, 2am

Overall unemployment rate in S'pore rises to 2.1% in June

SINGAPORE: Singapore's overall unemployment rate was 2.1 per cent in June 2013. It was 1.9 per cent in March 2013 and 1.8 per cent in December 2012. This is according to the Manpower Ministry (MOM) in its report on the employment situation for the second quarter of 2013. MOM said the tight labour market showed signs of easing as layoffs rose amid business restructuring and consolidation. The resident unemployment rate rose to 3.0 per cent in June 2013 from 2.9 per cent in March 2013 and 2.7 per cent in December 2012. The unemployment rate for citizens increased to 3.1 per cent from 2.9 per cent in the preceding two quarters. As for employment creation, it increased to 32,500 in the second quarter from 28,900 in the previous quarter. The total employment in June 2013 was 3,419,000, 4 per cent higher than a year ago. Layoffs rose in the second quarter of 2013. An estimated 2...

Full article: http://www.channelnewsasia.com/news/singapore/overall-une...

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