Jobless rate inches up amid tight labour market
Unemployment still low at 2.1% but job growth is slowest since 2011
Published on May 1, 2014 6:56 AM
The job scene here is off to a tepid start this year, with the highest jobless rate and lowest increase in new jobs filled since 2011.
While unemployment remained low at 2.1 per cent in the first quarter, this seasonally adjusted rate was up from 1.8 per cent in the previous quarter.
It was coupled with the slowest employment growth since mid-2011, with some 24,900 jobs added, according to preliminary figures released yesterday by the Manpower Ministry.
In the same period last year, the number of new jobs added was 28,900.
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Let us honour them by upholding their spirit, building on their achievements and creating an even better Singapore for our children.
- Prime Minister Lee Hsien Loong urging Singaporeans to honour the pioneer generation of unionists in his May Day message yesterday