Unemployment in Singapore on the rise

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SG unemploymentPreliminary figures released on July 31 showed that the seasonally adjusted overall unemployment rate in Singapore was 2.1 per cent in June 2013.

This is up from 1.9 per cent in March 2013 and 1.8 per cent in December 2012, according to the Ministry of Manpower’s Research and Statistics Department in its report titled Employment Situation, Second Quarter 2013. Unemployment increased for the second consecutive quarter, though it was still low and employment creation remained high, the report said.

The resident unemployment rate similarly rose to 3.0 per cent in June 2013 from 2.9 per cent in March 2013 and 2.7 per cent in December 2012, while the unemployment rate for citizens increased to 3.1 per cent from 2.9 per cent in the preceding two quarters.

The ministry added that the tight labour market showed signs of easing in the second quarter of 2013 as layoffs rose amid business restructuring and consolidation. Employment creation in the second quarter of 2013 increased to 32,500 from the previous quarter (28,900) and was slightly above the second quarter of 2012 (31,700).

Total employment in June was 3,419,000. Layoffs rose in the second quarter of 2013, affecting an estimated 2,900 workers, up from 2,120 in the preceding quarter and 2,210 in the second quarter of 2012.

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Reading Time: 1 minute

Preliminary figures released on July 31 showed that the seasonally adjusted overall unemployment rate in Singapore was 2.1 per cent in June 2013.

Reading Time: 1 minute

SG unemploymentPreliminary figures released on July 31 showed that the seasonally adjusted overall unemployment rate in Singapore was 2.1 per cent in June 2013.

This is up from 1.9 per cent in March 2013 and 1.8 per cent in December 2012, according to the Ministry of Manpower’s Research and Statistics Department in its report titled Employment Situation, Second Quarter 2013. Unemployment increased for the second consecutive quarter, though it was still low and employment creation remained high, the report said.

The resident unemployment rate similarly rose to 3.0 per cent in June 2013 from 2.9 per cent in March 2013 and 2.7 per cent in December 2012, while the unemployment rate for citizens increased to 3.1 per cent from 2.9 per cent in the preceding two quarters.

The ministry added that the tight labour market showed signs of easing in the second quarter of 2013 as layoffs rose amid business restructuring and consolidation. Employment creation in the second quarter of 2013 increased to 32,500 from the previous quarter (28,900) and was slightly above the second quarter of 2012 (31,700).

Total employment in June was 3,419,000. Layoffs rose in the second quarter of 2013, affecting an estimated 2,900 workers, up from 2,120 in the preceding quarter and 2,210 in the second quarter of 2012.

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