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Employment Situation In First Quarter 2012

The Ministry of Manpower (MOM) has released the "Employment Situation in First Quarter 2012" report.

 

Employment creation moderated slightly in the first quarter of 2012, though it remained fairly strong. Total unemployment rate has risen slightly from 2.0% in December 2011 to 2.1% in March 2012, amid the rise in layoffs in the earlier quarter which has since eased off in the first quarter this year. An estimated 2,700 workers were made redundant in the first quarter of 2012. This was lower than the 3,250 workers affected in the preceding quarter, but close to the 2,750 laid off in the first quarter of 2011.

 

For more details on the report, please visit MOM website via this <link>.