More locals employed, income growth strengthened, says MOM
Total employment in Singapore grew by an estimated 134,900 over 2013, up from the 129,100 in 2012, according to preliminary figures released by the Manpower Ministry on Wednesday.
More locals found jobs, while curbs on foreign manpower continued to moderate the growth of the foreign workforce. Local employment growth during the year was 81,600, up from 58,700 in 2012. Growth in employment of foreigners slowed to 53,300 from 70,400 in 2012.
The report noted that in December, locals made up 66.2 per cent of persons employed here, with foreigners (excluding foreign domestic workers) accounting for 33.8 per cent.
Quarterly figures show that unemployment rates in December were unchanged from the previous quarter at 1.8 per cent overall and 2.8 per cent for citizens. However, the resident unemployment rate went up slightly from 2.6 per cent in September to 2.7 per cent in December.