30 Nov '11, 2am

S'pore job rate hits new high: SINGAPORE: Singapore's job market appeared rosy in 2011, with the employment rate...

S'pore job rate hits new high: SINGAPORE: Singapore's job market appeared rosy in 2011, with the employment rate...

SINGAPORE: Singapore's job market appeared rosy in 2011, with the employment rate hitting a new high of 78 per cent for the resident population aged 25 to 64. This surpassed the previous high of 77.1 per cent in 2010. The Ministry of Manpower (MOM) said this reflected both the stable high in labour force participation rate and a lower unemployment rate. The resident unemployment rate fell to a non-seasonally adjusted 3.9 per cent in June 2011, from 4.1 per cent in June 2010 and 5.9 per cent in June 2009. The pool of economically-active residents increased over the year by 1.6 per cent in June 2011. It is lower than the growth of 3.1 per cent in 2010 and the average of 2.6 per cent per annum from 2001 to 2011. Another noteworthy trend is the "good progress" in the job rate for women and older residents. For older residents, a record 61.2 per cent of residents aged 55 to 64 ...

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

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