Singapore Total employment Up By 30,600 In Q4 2010
Preliminary estimates show that total employment grew by 30,600 in the fourth quarter of 2010.
For the whole of 2010, total employment increased by 112,500, significantly exceeding the gains of 37,600 in 2009.
The bulk of the employment gains came from services, which added 109,500 workers in 2010.
This was up from the increase of 55,600 in 2009.
Employment Situation in Fourth Quarter 2010 31 January 2011 :
Employment
Preliminary estimates show that total employment grew by 30,600 in the fourth quarter of 2010. Supported by hirings for the year-end festivities, the increase was higher than in the previous quarter (20,500).
For the whole of 2010, total employment increased by 112,500, significantly exceeding the gains of 37,600 in 2009.
The bulk of the employment gains came from services, which added 109,500 workers in 2010, up from the increase of 55,600 in 2009.
Construction employment, which rose by 25,100 in 2009, saw modest gains of 2,300 in 2010, due to completion of several large building projects and fewer projects coming on stream. While manufacturing employment declined by 2,700, this was much lower than the losses of 43,700 in 2009.
Local employment grew by 54,200 in 2010, exceeding the 41,800 gains in 2009. With the strong economic recovery and higher demand for manpower, foreign employment increased by 58,300 in 2010, after declining by 4,200 in 2009. Excluding foreign domestic workers, foreign employment rose by 53,000 in 2010.
As at December 2010, there were 1,990,700 locals forming 64.2% of the 3,102,500 persons employed in Singapore. The remaining 35.8% or 1,111,800 were foreigners. Excluding foreign domestic workers, the foreigners’ share of employment was 31.4% in December 2010, up from 30.7% in December 2009.
Redundancy
Based on preliminary estimates, 2,500 workers were retrenched and 700 had their contracts terminated prematurely, resulting in a total of 3,200 workers made redundant in the fourth quarter of 2010. This was higher than the redundancies in the preceding quarter (1,930).
For the whole year of 2010, 9,800 workers were made redundant, down substantially from 23,430 in 2009.
Manufacturing laid off 4,700 workers in 2010, followed by services (3,800) and construction (1,300).
Unemployment
The overall unemployment rate rose slightly to a seasonally adjusted 2.2% in December 2010 from 2.1% in September 2010. Among the resident labour force, the seasonally adjusted unemployment rate was unchanged at 3.1%.
Compared with a year ago, both rates showed improvement from 2.3% (overall) and 3.3% (resident) in December 2009.
An estimated 57,500 residents were unemployed in December 2010. The seasonally adjusted figure was 64,400.
More Information
Information on data sources and coverage, as well as definitions of key concepts used in the report can be found in the attached Explanatory Notes. The preliminary data estimates are available online at the Ministry of Manpower’s Statistics and Publications Page.
A more detailed breakdown of the preliminary estimates will be released in the Economic Survey of Singapore, 2010.
The above is a statistical release of the Manpower Research and Statistics Department of the Ministry.
Upcoming Publication
The Ministry’s Manpower Research and Statistics Department will be releasing the full report on the Labour Market, 2010 on 15 March 2011.
Topics: 2011, Asia, construction, contracts, economic contraction, economic downturn, economic recovery, Economic Survey of Singapore, Economy, employment, foreigners, fourth quarter, global financial crisis, Governance, government, job creation, jobs, Manpower Research and Statistics Department of the Ministry, manufacturing, monitor, news, Pacific, recession, Redundancy, Retrenchment, services employment, Singapore, unemployment, workers
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