Singapore job growth slows in third quarter of 2012
Job growth moderated in the third quarter of this year, after rising in the previous quarter.
Preliminary estimates released by the Manpower Ministry on Wednesday showed that total employment grew by 24,900, down from the increase of 31,900 in the same period last year and 31,700 in the second quarter of this year.
Job growth slowed in services from 21,200 in the third quarter of last year to 11,300 in the third quarter of this year, manufacturing from 3,900 to 3,700. But construction continued to register strong employment increase of 9,800 in the third quarter, up from 6,700 in the same quarter last year, boosted by public infrastructure projects.
Unemployment remained low, reflecting strong manpower demand amid the tightening in foreign manpower controls.