Job growth remains high despite more layoffs
Published on Dec 14, 2012 10:22 AM
Employment growth stayed high, even though layoffs rose in the third quarter, said the Manpower Ministry on Friday.
Job openings increased, bucking the declines in the preceding two quarters. The seasonally adjusted vacancies rose by 13 per cent over the quarter to 51,500 in September this year. For every 100 job seekers, there were now 125 job openings, up from 91 in June and 105 in March this year.
But layoffs rose after declining in the preceding two quarters. This was one of the few higher quarterly redundancy figures reported in post-recessionary periods, but they remained substantially below recessionary highs.
Overall, the labour market remained tight supported by domestic-oriented activities and tightening in foreign manpower controls.
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