SINGAPORE, July 29 (Bernama) -- Singapore''s unemployment rate increased to 2.1 per cent in June from a seasonally adjusted 1.9 per cent in March this year.

In a statement issued by the Ministry of Manpower, the unemployment rate for residents rose from 2.7 per cent to 3.0 per cent over the same period.

This brought the unemployment rates to around the levels in 2010, after declining in the first quarter of this year.

It said total employment growth moderated in the second quarter this year with preliminary estimates showing that total employment grew by 22,800 in the second quarter of 2011.

The gains were lower than the 28,300 in the preceding quarter and 24,900 in the same quarter of last year.

The bulk or 18,800 of the employment gains came from services. Construction added 2,600 workers and manufacturing employment rose by 1,300.

Based on preliminary estimates, 1,500 workers were retrenched and 400 had their contracts terminated prematurely, resulting in a total of 1,900 workers made redundant in the second quarter of 2011.

This was substantially lower than the 2,750 redundancies in the preceding quarter. Services laid off 900 workers, followed by manufacturing with 600.

Construction displaced another 400 workers.

On a non-seasonally adjusted basis, the overall and resident unemployment rates in June 2011 were 2.7 per cent and 4.0 per cent respectively.

The unemployment rates were higher than in March 2011, reflecting the increase in job seekers as tertiary graduates entered the labour market and students sought employment during the mid-year school vacation.

Nevertheless, the rates were slightly lower than in June 2010. An estimated 81,300 residents were unemployed in June 2011. The seasonally adjusted figure was 62,700. -- BERNAMA



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