Singapore’s unemployment rate falls to 3.2 percent in January
Singapore’s overall unemployment rate continued to fall in January thanks to economic stabilisation, according to latest figures released by the Ministry of Manpower (MOM) on March 3.
Singapore’s overall unemployment rate continues to fall in January. (Photo: businesstimes.com.sg)
Singapore (VNA) - Singapore’s overall unemployment rate continued tofall in January thanks to economic stabilisation, according to latest figuresreleased by the Ministry of Manpower (MOM) on March 3.
The overall unemployment rate edged down to 3.2 percent, from 3.3 percent inDecember, while the resident unemployment rate was 4.3 percent, down 0.1 percent.
The citizen unemployment rate was unchanged at 4.5 percent, having earlierdecreased from 4.7 percent in November.
There were 101,900 unemployed residents in January, of which 89,300 werecitizens.
Minister of Manpower Josephine Teo pointed to initiatives like the Jobs SupportScheme and the SGUnited Jobs and Skills Package that helped Singaporeans stayemployed, together with tripartite efforts coordinated by the National JobsCouncil.
Since September 2020, the Jobs Growth Incentive has also helped to expand localhiring, she added.
However, Teo said more work needs to be done since long-term unemployment rateis still elevated in the nation, and even for those employed, some are inshort-term or transitional positions./.
Singapore's manufacturing sector was the silver lining of 2020, with the sector posting growth for the full year, according to data released by the Economic Development Board (EDB) on January 26.
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Singapore’s overall unemployment rate continues to fall in January. (Photo: businesstimes.com.sg) 
