01 Feb '11, 4am

112,500 Jobs Added To Singapore Economy In 2010: 30,600 more hires in Q4.

Singapore’s employment market grew by 112,500 jobs in 2010 – almost tripling the 37,600 job gains recorded for 2009. According to the Employment Situation In Fourth Quarter 2010 released yesterday by the Ministry of Manpower (MOM) , these job gains came from: Services (+ 109,500 workers), up from + 55,600 workers in 2009 Construction (+ 2,300), down from + 25,100 Manufacturing (- 2,700), an improvement from - 43,700 On the flip side, manufacturing led the way in redundancies, with 4,700 workers. This was followed by services (3,800) and construction (1,300). The overall redundancy figure in 2010 stood at 9,800 workers - much lower than the 23,430 workers in 2009. Of the 3,102,500 persons employed in Singapore as of December 2010: 64.2% were locals (1,990,700) 35.8% were foreigners (1,111,800) Singapore’s strong economic recovery lowered the overall unemployment rate from 3...

Full article: http://www.business.gov.sg/EN/News/20110201EmploymentStat...

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