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Employment Situation in Fourth Quarter 2010

 

The Ministry of Manpower (MOM) has released the "Employment Situation in Fourth Quarter 2010" report. 
 
Preliminary estimates show that total employment grew by 30,600 in the fourth quarter of 2010. Supported by hirings for the year-end festivities, the increase was higher than in the previous quarter (20,500). 
 
For the whole of 2010, total employment increased by 112,500, significantly exceeding the gains of 37,600 in 2009. The bulk of the employment gains came from services, which added 109,500 workers in 2010, up from the increase of 55,600 in 2009. Construction employment, which rose by 25,100 in 2009, saw modest gains of 2,300 in 2010, due to completion of several large building projects and fewer projects coming on stream. While manufacturing employment declined by 2,700, this was much lower than the losses of 43,700 in 2009.
 
For more details on the report, please visit MOM website via this <link>.