World Economy

Singapore Unemployment Down

Singapore Unemployment DownSingapore Unemployment Down

Unemployment in Singapore remained low in December last year with more local employed, while foreign worker growth continued to moderate, according to the Ministry of Manpower (MOM), Bernama reported. In its “Employment Situation, 2014” report released Friday, MOM said preliminary estimates showed that the overall seasonally adjusted unemployment rate for December 2014 stood at 1.9%. It said unemployment for the residents and citizens declined over the quarter from 2.8% to 2.6% and from 2.9% to 2.6%, respectively. For the whole of 2014, unemployment stayed low for overall (2%), residents (2.7%) and citizens (2.9%), broadly unchanged from 2013.