Singapore's seasonally adjusted jobless rate declined to 2 percent in the second quarter of 2012 from 2.1 percent in the first quarter, data from the Ministry of Manpower confirmed Friday.
The figures matched the preliminary estimates published on July 31. At the same time, total employment grew by a revised 31,700 in the second quarter, higher than the gains of 24,800 in the same period last year.
Preliminary estimates showed an increase of 29,200 in the second quarter following a gains of 27,200 in the first quarter.
Services contributed the majority of employment gains in the second quarter by adding 17,300 persons to the workforce. Employment growth in the construction sector was 9,700, supported by public infrastructure projects. Manufacturing employment grew by 4,700.
Layoffs fell for the second successive quarter as 2,210 workers were made redundant in the second quarter of 2012. Meanwhile, the number of job vacancies declined 15 percent annually to 47,300 in June quarter amid subdued global economic outlook. After adjusting for seasonality, job openings fell 8.9 percent quarter-on-quarter to 45,600.
by RTT Staff Writer
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