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Source:
www.mom.gov.sg |
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EMPLOYMENT SITUATION IN THIRD
QUARTER 2006: EMPLOYMENT GROWTH REMAINS STRONG |
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Employment |
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Employment continues to grow strongly, amid
the sustained economic expansion. Preliminary estimates show that
employment grew by 41,600 in the third quarter of 2006, much higher than
the 28,500 gains in the same period last year. |
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The increase in employment also exceeds the
36,400 gains in the second quarter of 2006. Cumulatively, employment in
the first 9 months of 2006 rose by 123,100. This has already surpassed
the 113,300 gains for the whole of 2005. |
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All major sectors added workers, with the
bulk of the gains continuing to come from services (24,600). |
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Employment rose in manufacturing (11,300),
continuing the uptrend that started in late 2003. Amid a pickup in
building activities, construction increased its workforce (5,500) for
the 7th consecutive quarter. |
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Retrenchment |
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Preliminary findings from a survey of
private sector establishments with at least 25 employees show that 2,300
workers were retrenched in the third quarter of 2006. This is lower than
the 3,200 retrenched in the previous quarter and 2,800 in the same
quarter last year. |
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Manufacturing continued to form the bulk of
the workers retrenched (1,800), reflecting the on-going restructuring in
the electronics industry. Another 500 of the workers laid off came from
the services industries. |
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Unemployment |
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The seasonally adjusted overall
unemployment rate was 2.7% in September 2006, a marked improvement
from the 3.2% a year ago. It has also edged down slightly from the
2.8% in June 2006. |
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The resident unemployment rate held
steady at 3.6% (seasonally adjusted) from three months ago, but is
significantly lower than 4.2% in September 2005. |
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On a non-seasonally adjusted basis,
the overall unemployment rate fell from 3.4% in June 2006, when
this year¨s batch of tertiary graduates joined the pool of job
seekers, to 2.4% in September 2006, as more of them secured
employment. |
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Among the resident labour force, the
non-adjusted unemployment rate was 3.2% in September 2006. An
estimated 60,700 residents were unemployed. The seasonally
adjusted figure was 67,200. |
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For More Information |
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Information on data sources and
coverage, as well as definitions of key concepts used in the
report is in the attached Explanatory Notes. |
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The preliminary data estimates are
available online at the Ministry of Manpower¨s website:
http://www.mom.gov.sg/mrsd/publication. A more detailed
breakdown of the preliminary estimates will be released in the
Economic Survey of Singapore, Third Quarter 2006. |
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The above is a statistical release of
the Manpower Research and Statistics Department of the Ministry. |
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More..... (Tables) |
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Source:
www.mom.gov.sg Press Release
31 Oct 2006 |
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FrontPage Edition: Tue 31 October 2006
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