Unemployment & layoffs in S’pore down in 2nd quarter

Employment figures are healthy in Singapore, however we are facing a decrease in job vacancies. Y/Y Job openings decreased by 15% to 47,300 in June 2012.

Total employment grew by 31,700 in the second quarter of 2012, higher than the gains of 24,800 in the same period last year and 27,200 in the first quarter of 2012.

Cumulatively, employment rose by 58,900 in the first half of 2012, compared with the increase of 53,100 in the corresponding period of 2011.

Services contributed 17,300 jobs, the majority of employment gains in the second quarter of 2012. But this eased from the same period last year where there was a gain of 19,300 jobs in the services industry.

For the seventh successive quarter, growth in construction workforce accelerated, supported by public infrastructure projects.

In manufacturing, employment grew by 4,700, as gains led by petroleum, chemical and pharmaceutical products outnumbered the declines mainly in electronic, computer and optical products.

Ministry of Manpower (MOM) said amid the strong employment creation, unemployment declined in June 2012, after the slight rise a quarter ago.

 

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Via – CNA

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