Updated: 05/01/2013 00:14

Jobless rate remains low, even as job creation slows: MOM



Jobless rate remains low, even as job creation slows: MOM

Unemployment remained low in Singapore in the first quarter of 2013. 

According to the Manpower Ministry (MOM), the seasonally adjusted overall unemployment rate edged up to 1.9 per cent in March 2013 from 1.8 per cent in December 2012. 

MOM released the key preliminary findings from the "Employment Situation, First Quarter 2013" report today. 

The unemployment rate for residents rose to 2.9 per cent from 2.7 per cent. 

The citizen unemployment rate was unchanged at 2.9 per cent. 

MOM said even with the increase, the rates remain low. 

Job creation has slowed because of continued weakness in the economy and measures to tighten the inflow of foreign workers. 

Total employment growth moderated to 20,800 in the first quarter of 2013. This is the lowest first quarter gain post-2009. 

In the last quarter of 2012, the gain was 44,000. 

The total employment in March 2013 grew by 3.8 per cent from a year ago. 

Layoffs have declined, after rising the previous two quarters. 

About 2,000 workers were made redundant in the first quarter of 2013, lower than the 3,350 workers affected in the last quarter of 2012. In the first quarter of 2012, the figure was 2,600.

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