In 2013, in Singapore unemployment rate was 1.8 %

Singapore unemployment rateThe overall unemployment rate in Singapore was 1.8% in the IV quarter of 2013, and thus has not changed compared with three months earlier, as evidenced by the official data.

On average for 2013, unemployment was 1.9%, indicating that the density of the labor market and this may increase the pressure on prices.

According to the Ministry of Manpower, unemployment among residents rose to 2.7% from 2.6% in the III quarter, while for the citizens of this figure has not changed from 2.8 % recorded earlier quarter.

In the IV quarter, the number of jobs increased by 39200, compared with 33100 seats in the previous three months, but this is below 44000 recorded in the last quarter of 2012.

In general, during 2013 the overall unemployment rate increased by 134,900 compared to 129.100 in 2012.

Higher employment growth occurred mainly due to the growth of the number of local residents, whereas among immigrants the trend is reversed.
In December 2013, citizens formed 66.2 % of the total workforce in the country, while foreigners covered 33.8%.