Employment Rises To 77% Despite Downturn

Singapore's employment rose 2.7% to a 17-year high of 77% between June 2007 - 2008 despite the economic slowdown. This was due to more females and older workers joining the workforce.

70.4% of women aged 25 - 54 years work now compared to 69% a year ago, while employment of older workers aged 55 - 64 years increased by 1% to 57.2%.

Most new jobs created were in the Professional, Managerial, Executive and Technician (PMET) positions, especially in services.

However unemployment also rose to 3.3% in September 2008 compared to 2.4% last December with less staff hired in:

• wholesale and retail trade
• information and communications
• financial services
• administrative and support services

Sources:

• "Singapore Workforce, 2008", Ministry of Manpower (MOM) Press Release, 28 November 2008
  
  
• "2008 employment growth tempered by rising unemployment", Channel NewsAsia, 28 November 2008
  
  
• "Resident jobless rate in September put at 3.3%", The Business Times, 29 November 2008
  
  
• "Women lift employment rates to 17-year high", The Straits Times, 29 November 2008

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