Singapore Jobless Rate Holds Steady at 2% in Q2



Singapore’s seasonally adjusted unemployment rate remained unchanged at 2.0 percent in the second quarter of 2014, signaling the labor market in the country remained tight.

Preliminary estimates showed that the overall (2.0%) and citizen (3.0%) seasonally adjusted unemployment rates held steady over the quarter in June 2014, while resident unemployment rate improved slightly (from 2.9% to 2.8%).

Total employment growth moderated in the second quarter of 2014 (22,000) compared to the first quarter (28,300) and a year ago (33,700). This brought total employment to 3,544,200 in June 2014, which was 3.6 percent higher than a year ago but lower than the 4.0 percent in March 2014.
 
Layoffs declined, after rising in the preceding quarter. Some 2,300 workers were made redundant in the second quarter of 2014, lower than the 3,110 workers in the preceding quarter and the 3,080 workers affected in the second quarter of 2013.

Singapore Jobless Rate Holds Steady at 2% in Q2


Ministry of Manpower l Rida l rida@tradingeconomics.com
7/31/2014 8:39:21 AM