01 May '11, 8pm

Unemployment dips to 3-year low

SINGAPORE - Singapore's unemployment rate reached a three-year low in the first quarter of this year - signalling a tighter labour market and a more competitive hunt for talent. "Amid the healthy economic expansion, employment creation in the first quarter this year was fairly strong," the Manpower Ministry said in its preliminary estimates released yesterday. Around 23,700 jobs were added to the labour market - the services sector contributed 22,800 - in the first three months of this year. Construction added 1,100 workers, while hiring in manufacturing declined by 500. The fall in manufacturing is lower than the contraction of 1,200 jobs in the preceding quarter. But the increase in total employment 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. Analysts attribute the strong hiring in the pas...

Full article: http://www.todayonline.com/Singapore/EDC110430-0000289/Un...

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