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Singapore – Unemployment rate increases in Q2

30 July 2015

Singapore's unemployment rate edged up slightly to 2% in the second quarter after trending downwards for the past four quarters, the Ministry of Manpower (MoM) announced today.

Preliminary estimates showed that the seasonally adjusted unemployment rate edged up from 1.8% in March to 2.0% in June. Among residents, unemployment rose to 2.8% while for citizens, unemployment rose to 2.9%, similar to the situation a year ago.

Overall employment grew by 15,700 in the second quarter, supported by increases in construction and services. However, taken as a whole, employment growth in the first half of this year has moderated compared to a year ago, MoM said.

There were 3,633,500 employed persons in June 2015, while 3,100 workers laid off compared with 3,500 in the previous quarter, the ministry said.

Layoffs declined for the second consecutive quarter. Some 3,100 workers were laid off, down from 3,500 in the preceding quarter. 

The Employment Situation, Second Quarter 2015 report is available to view here