15 Jun '11, 3am

Singapore unemployment rate falls to 1.9% in March 2011, its lowest rate in 3 years: MOM

Singapore unemployment rate falls to 1.9% in March 2011, its lowest rate in 3 years: MOM

People apply for jobs at a job fair in Singapore. Singapore's unemployment rate fell to 1.9 per cent, its lowest rate in three years. -- ST PHOTO: MUGILAN RAJASEGARAN SINGAPORE'S unemployment rate fell to its lowest rate in three years amid healthy economic growth, the Ministry of Manpower (MOM) said on Wednesday. The overall unemployment rate fell from a seasonally adjusted 2.2 per cent in December 2010, to 1.9 per cent in March 2011. 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, which MOM said was driven by year-end hirings for the festive season. An estimated 54,300 residents were unemployed in March 2011. Most of the gains in the first quarter of 2011 came from services, which added 26,500 jobs. All services industries expanded their workforce, led by community, social and person...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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