More jobs and fewer jobless in Singapore in Q3

December 13, 201312:46 pm278 views
More jobs and fewer jobless in Singapore in Q3
More jobs and fewer jobless in Singapore in Q3

SINGAPORE: There were more jobs in Singapore in the third quarter of the year.

Job vacancies rose over the quarter by 5.9 per cent after declining 5.1 per cent in the previous quarter.

The seasonally adjusted overall jobless rate in September 2013 was 1.8 per cent, down from 2.1 per cent in June 2013.

Unemployment has declined amid the tight labour market, said the Manpower Ministry in a statement on Friday.

For residents, the seasonally adjusted unemployment rate decreased over the quarter from 2.9 per cent to 2.6 per cent, and for Singapore citizens, the rate went down from 3.1 per cent to 2.8 per cent.

Employment growth remained high in the third quarter of 2013, though it eased slightly from the previous quarter.

Total employment rose by 33,100 in the third quarter of 2013, slightly below the gains of 33,700 in the previous quarter but higher than the 26,200 in the third quarter of 2012.

This brought total employment to 3,453,300 in September 2013 which is 4.2 per cent higher than a year ago.

2,710 workers were made redundant in the third quarter of 2013, lower than the 3,080 workers in the preceding quarter and 2,850 in the third quarter of 2012.

Long-term unemployment increased to 0.6 per cent of the resident labour force, up from 0.4 per cent a year ago.

However, the long-term unemployment rate remained lower than the last recessionary high of 0.9 per cent in September 2009.

These are among the findings from the “Labour Market, Third Quarter 2013” report released by the Manpower Ministry’s Research and Statistics Department.

The report is available at the ministry’s website.

 

source: channelnewsasia.com

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