29 Apr '11, 5am

S'pore unemployment rate lowest in three years

S'pore unemployment rate lowest in three years

SINGAPORE: Singapore's total employment grew by 23,700 in the first quarter of this year, thanks to the healthy economic expansion. This is according to preliminary estimates released by the Manpower Ministry on Friday. Still, the increase is lower than the seasonal high of 33,900 in the fourth quarter last year and the 36,500 gains in the first quarter last year. Last year's strong showing was supported by the strong hirings arising from the integrated resorts and the recovery from the 2009 recession. The bulk of the employment gains in the first quarter or 22,800 jobs came from the services sector. Construction added 1,100 workers, while manufacturing employment declined by 500, lower than the contraction of 1,200 in the preceding quarter. In the same period, some 2,600 workers were retrenched and 400 had their contracts terminated prematurely, resulting in a total of 3,...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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