Singapore: Unemployment rate rises in Q3
The overall unemployment rate in Singapore rose in the third quarter of this year to the highest level since 2009, according to the Singapore Ministry of Manpower (MOM).
Illustrative image (Photo: Internet) Singapore (VNA) - The overall unemployment rate in Singapore rose in the
third quarter of this year to the highest level since 2009, according to the
Singapore Ministry of Manpower (MOM).
The overall seasonally adjusted unemployment rate surged to 2.3 percent in September, up from 2.2 percent in June.
The rate for Singaporeans rose to 3.3 percent, from 3.2 percent, while the rate for citizens and permanent residents combined rose to 3.2 percent, from 3.1 percent.
Retrenchments rose to 2,900 last quarter, up from 2,320 in the preceding quarter and 2,860 a year ago. Services continued to form the bulk of retrenchments (66 percent), followed by manufacturing (21 percent) and construction (14 percent).
However, total employment, excluding foreign domestic workers, rose by 22,400 from July to September. This is more than three times the growth of 6,200 in the previous quarter, and higher than the growth of 16,700 a year earlier.
According to the ministry, this was largely due to 16,100 more people finding work in the service sector. The growth was mainly in community, social and personal services, professional services and information and communications, while the decline in employment in sectors such as wholesale and retail trade was less than in the previous quarter.
The manufacturing sector employed 1,200 more workers, after three consecutive quarters of decline./.
The overall seasonally adjusted unemployment rate surged to 2.3 percent in September, up from 2.2 percent in June.
The rate for Singaporeans rose to 3.3 percent, from 3.2 percent, while the rate for citizens and permanent residents combined rose to 3.2 percent, from 3.1 percent.
Retrenchments rose to 2,900 last quarter, up from 2,320 in the preceding quarter and 2,860 a year ago. Services continued to form the bulk of retrenchments (66 percent), followed by manufacturing (21 percent) and construction (14 percent).
However, total employment, excluding foreign domestic workers, rose by 22,400 from July to September. This is more than three times the growth of 6,200 in the previous quarter, and higher than the growth of 16,700 a year earlier.
According to the ministry, this was largely due to 16,100 more people finding work in the service sector. The growth was mainly in community, social and personal services, professional services and information and communications, while the decline in employment in sectors such as wholesale and retail trade was less than in the previous quarter.
The manufacturing sector employed 1,200 more workers, after three consecutive quarters of decline./.
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