Unemployment rate in Singapore rose marginally to 1.9 percent in the March quarter from 1.8 percent in the December quarter, the Ministry of Manpower said Friday, confirming its preliminary estimate released in April 30.
Growth in employment slowed, reflecting continued weakness in the economy and the recent government measures that tightened job conditions for foreign workers.
Total employment rose by 28,900 in the first quarter of 2013, more than 20,800 estimated initially. Still, the gain was substantially weaker than the previous quarter's increase of 44,000.
Redundancy declined, after rising in the preceding two quarters. As many as 2,120 workers were made redundant in the first quarter of 2013. This was lower than the 3,350 workers affected in the preceding quarter.
For comments and feedback: editorial@rttnews.com