Updated: 07/31/2014 18:08

Singapore's unemployment rate remained steady at 2% in Q2



Singapore's unemployment rate remained steady at 2% in Q2

Singapore's labour market remained tight in the second quarter, as unemployment held steady and layoffs declined. 

The Ministry of Manpower's preliminary estimate showed that the overall unemployment rate remained at 2 per cent over the quarter. 

The unemployment rate among citizens also remained at three per cent, while the resident unemployment rate improved slightly to 2.8 per cent. 

MOM says total employment growth moderated in the second quarter with 22,000 new jobs created compared to 28,300 in the first quarter. 

This brought total employment to 3,544,200 in June, 3.6 per cent higher than a year ago. 

MOM says layoffs declined, after rising in the first quarter of 2014. 

Some 2,300 workers were made redundant in the second quarter.

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