Employment rises by 48,000 in January-March quarter: MOM (SINGAPORE)
ob growth in Singapore in the first quarter of this year continues to be strong on the back of healthy economic growth. Latest figures from the Manpower Ministry show that 48,000 jobs were added to the economy between January and March this year.
The unemployment rate during the quarter stood at 2.9 percent as more people entered the labour force. Singapore's trade-driven economy grew at an annualised rate of 7.2 percent in the first quarter, slowing from the 7.9 percent pace of the fourth quarter, advance data showed.
The Manpower Ministry said all major sectors added workers and leading the pack was the services industry with 33,400 workers. The employment in the construction industry also picked up, with its workforce increasing by 5,000. - CNA/ch
The unemployment rate during the quarter stood at 2.9 percent as more people entered the labour force. Singapore's trade-driven economy grew at an annualised rate of 7.2 percent in the first quarter, slowing from the 7.9 percent pace of the fourth quarter, advance data showed.
The Manpower Ministry said all major sectors added workers and leading the pack was the services industry with 33,400 workers. The employment in the construction industry also picked up, with its workforce increasing by 5,000. - CNA/ch
Labels: employment, Singapore
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