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Thursday, July 31, 2008

Employment Situation in Second Quarter of 2008

Employment

Employment grew by 70,600 in the second quarter this year. This is slightly lower than the increase of 73,200 in the previous quarter but higher than 64,400 in the second quarter of 2007.

Retrenchment

1,900 workers were retrenched in the second quarter of 2008, down from 2,274 in the previous quarter, but comparable to 1,918 in the second quarter of 2007.

Unemployment

The overall unemployment rate rose from a seasonally adjusted 1.7% in December 2007 to 2.0% in March 2008 and further to 2.3% in June 2008.

Employment Situation in Second Quarter of 2008
http://app.sprinter.gov.sg/data/pr/20080731995.pdf

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