|
 |
|
Source:
www.mom.gov.sg |
|
LABOUR MARKET, SECOND QUARTER
2006 |
|
Job Creation Hits Record High
in First Half of 2006 |
|
|
With sustained economic growth, employment
grew by a healthy 36,400 in Q2 2006, higher than the gains of 31,700 in
the same quarter last year, but lower than 45,000 in Q1 2006. |
|
In the first six months of 2006, employment
rose by a record high of 81,500, about two-thirds more than the 49,500
in the same period of 2005. |
|
All major sectors expanded their workforce
in Q2 2006. As with previous quarters, the bulk of the employment gains
came from the services sector (24,400), followed by manufacturing
(8,400) and construction (3,500). |
|
The seasonally adjusted unemployment rate
was 2.8% (overall) and 3.6% (resident 1 ) in Jun 20062
. This is down significantly from 3.4% (overall) and 4.5% (resident) a
year ago, but has edged up from 2.6% (overall) and 3.4% (resident) in
Mar 2006, driven by an increase in labour supply3. |
|
Some 16,600 or 20% of the resident job
seekers were unemployed for 25 weeks or more in Jun 2006, lower than the
27,000 or 28% a year ago. |
|
The long-term unemployment rate fell sharply
from 1.5% in Jun 2005 to 0.9% in Jun 2006, the lowest in five years for
the corresponding period. |
|
Reflecting the strength in manpower demand,
private sector job openings numbered 27,5004 in Jun 2006, the
highest since Sep 2000. This is a significant increase of 30% over Q1
2006 and 43% over Q2 2005. All major sectors and broad occupational
groups experienced more openings. |
|
In summary, the labour market continued to
benefit from the sustained growth in the Singapore economy. |
|
Employment creation in the first half of
this year was a record high, lifting prospects for even the long-term
unemployed. Forward-looking indicators point to continued optimism in
the employment outlook. |
|
For More Information |
|
The report is available online on the
Ministry of Manpower¨s website at
http://www.mom.gov.sg/mrsd/publication. |
|
|
|
1 Refers to Singapore
citizens and permanent residents.
2 These figures are revised downwards from the
preliminary estimates of 2.9% (overall) and 3.8% (resident).
3 The resident labour supply is estimated to have risen
by 64,100 in the first half of 2006, compared with 49,600 in the first
half of 2005. For the same period from 2001 to 2004, the average annual
increase was only 15,500. |
|
Source:
www.mom.gov.sg Press Release
15 Sep 2006 |
|
 |
|
Important
Notice |
|
Our FrontPage
Editions are a historical record of our Web site and reflect
the changing of the times, and also of our Web site through
time. We do not and will not update the links and stories on
these FrontPages even if they have become obsolete. |
|
|
|
|
|
| |
| |
If you have an event or some news to
share with our readers, send the details, including picture(s), to us at
editor@getforme.com |
|
We are now 11645
pages thick and growing. | |
Public Holidays
DEEPAVALI
is the next public holiday. It falls on 21 October 2006. |
|
FrontPage Edition: Tue 19 September 2006
All rights reserved
