29 Jul '11, 2am

Singapore's jobless rate rises 2.1% in June

SINGAPORE: Singapore's unemployment rate rose to 2.1 per cent in June from 1.9 per cent in March as employment growth slows and graduates enter the job market. The Manpower Ministry (MOM) said preliminary estimates showed that total employment grew by 22,800 in the second quarter of the year. The gains were lower than the 28,300 in the preceding quarter and 24,900 in the same quarter last year. The bulk, or 18,800, of the employment gains came from services. Construction added 2,600 workers and manufacturing employment rose by 1,300. Based on the preliminary estimates, MOM said 1,500 workers were retrenched and 400 had their contracts terminated prematurely, resulting in a total of 1,900 workers made redundant in the second quarter of 2011. This was substantially lower than the 2,750 redundancies in the first quarter. Services laid off 900 workers, followed by manufacturin...

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

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