SINGAPORE, Dec 14 (Reuters) - Singapore's Ministry of
Manpower released detailed unemployment data for the third
quarter of 2012 on Friday:
(percent, seasonally adjusted)
Q3/12 Q2/12 Q1/12 Q4/11 Q3/11 Q2/11
1.9 2.0 2.1 2.0 2.0 2.1
CONTEXT:
- The final third quarter jobless rate was unchanged from
the preliminary estimate of 1.9 percent.
- The seasonally adjusted unemployment rate for Singapore
citizens was 3.0 percent in the third quarter, unchanged from
April to June, while the jobless rate for residents held steady
at 2.8 percent. Singaporeans and individuals with permanent
residency status make up about two-thirds of the total
workforce, excluding maids.
- The manpower ministry said the low unemployment rate
reflected high manpower demand amid the tightening in foreign
manpower controls.
- Total employment in Singapore rose by 26,200 between July
and September, below the 31,900 gain in the second quarter.
- The seasonally adjusted vacancies rose by 13 percent over
the quarter to 51,500 in September 2012, after declining in the
two preceding quarters. There are now 125 job openings per 100
job seekers, up from 91 in June.
- Singapore has been making it harder for firms to hire
low-cost foreign workers in a bid to address complaints by
citizens concerned about crowded trains and increased
competition for jobs that have resulted in stagnant wages.
(Reporting by Kevin Lim; Editing by Jacqueline Wong)
Source: http://sg.finance.yahoo.com/news/singapore-q3-jobless-rate-1-020009833.html
There are more job openings than workers.
Really. Image may be NSFW.
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