Singapore
unemployment rate rose slightly to 1.9 percent in the March quarter
from 1.8 percent in the December quarter, the Ministry of Manpower said
Friday, confirming its preliminary estimate released in April 30. Growth
in employment slowed, reflecting continued weakness in the economy and
the recent government measures that tightened job conditions for foreign
workers.
Total employment rose by 28,900 in the first quarter of
2013, more than 20,800 estimated initially. Still, the gain was
substantially weaker than the previous quarter's increase of 44,000.
Redundancy
declined, after rising in the preceding two quarters. As many as 2,120
workers were made redundant in the first quarter of 2013. This was lower
than the 3,350 workers affected in the preceding quarter.
Source by Commodity Insights
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