| Agence
France Presse August 8, 2005 SINGAPORE SINGAPORE'S unemployment rate in the three months to June crept up slightly to 3.4 percent from a revised 3.3 percent in the previous quarter as fresh graduates joined the search for jobs, preliminary estimates released Monday, Aug 8, showed. The Manpower Ministry said in its preliminary report that 27,700 jobs were created in the June quarter, an improvement from 17,800 in the previous three months and 10,900 for the same period last year. "All the major sectors saw higher employment growth compared with the preceding quarter and the same quarter in 2004," the ministry said. The manufacturing sector, a major pillar of the economy, generated 8900 new jobs while the services sector created 15,200. Under a new methodology used by the ministry, the unemployment rate in the March quarter was revised downwards to 3.3 percent from 3.9 percent. Singapore's economy is projected to grow 2.5-4.5 percent in 2005 after a solid 8.4 percent expansion last year. |
||||