Business News
Singapore's jobless rate reaches lowest level in two years
Sep 15, 2010, 4:42 GMT
Singapore - Singapore's jobless rate stayed unchanged at 2.2 per cent in June compared to three months earlier, reflecting the lowest level in two years, government data released Wednesday showed.
Spurred by a strong economic expansion, total employment rose for the fourth consecutive quarter, with gains of 24,900 jobs in the three months through June, the Ministry of Manpower said.
In the first half 2010, total gains came up to 61,400, providing a sharp contrast to a loss of 13,800 jobs in the same period a year ago, it added.
Redundancies remained at around pre-recession quarterly levels, with 2,280 workers being laid-off in the second quarter, the ministry said.
For the first time in the economic recovery, job vacancies slightly outnumbered job seekers.
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