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Singapore – Unemployment continues to edge up

31 July 2013

Preliminary estimates showed that unemployment increased for the second consecutive quarter, though remained low, according to recent figures from the Ministry of Manpower. The seasonally adjusted overall unemployment rate was 2.1% in June 2013, up from 1.9% in March 2013 (Q1 2013) and 1.8% in December 2012 (Q4 2012).

An estimated 83,000 residents, including 72,700 Singapore citizens were unemployed in June 2013. The seasonally adjusted figures were 63,500 for residents and 56,000 for citizens.

Employment creation remained high during the period. Growth in Q2 2013 increased by 32,500 compared with 28,900 in the previous quarter, and was slightly above Q2 2012 which had 31,700. This brought total employment to 3,419,000 in June 2013, a +4% increase compared with a year ago.

Services continued to generate the majority of the employment gains during the period with 21,700 new jobs, up from 17,300 for the same period last year. Over the same period, employment growth eased in manufacturing, down 2,700 from last year, and in construction down 800 jobs compared with last year.

To read the full report, please click the link below. 

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