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Singapore's employment rises to 76 percent, highest in 15 years

Singapore's employment rises to 76 percent, highest in 15 years

Singapore's resident employment rate has risen to its highest in 15 years, thanks to robust job creation, the Ministry of Manpower said Thursday.
In June this year, 76 percent of the resident population aged 25 to 64 were employed, with the most notable gains in the age 55-64 segment, the report said. The overall rate was up from 73 percent in 2005.
The resident employment rate is the number of people _ Singapore citizens and permanent residents _ of working age who have jobs, as opposed to an unemployment rate, which measures the number of jobless people who are looking for work.
In July, the ministry said its second quarter overall jobless rate was at 2.9 percent. The resident jobless rate in the same period was 3.8 percent.
In its report on resident employment, the ministry said it had made gains in employment of women and the 55-64 age group but noted that it still lagged behind developed countries.
The report said the number of women in the work force increased more than men _ 4.1 percent points increase for women from 2004 compared to 2.6 percent points for males _ though men still represented a higher proportion of workers and ranked among the highest percentage internationally.
But while noting the increases, the report said Singapore could do more to enhance the employment of women and older people.
"In many of the developed countries, flexible work arrangements such as part-time work which can better accommodate women and older persons are generally more widely available," it said.
The report said increasing the employment of those groups "will in the long run help more of them contribute to the work force and also help meet the challenges arising from a rapidly aging population."
In July, the Ministry announced that a record 81,500 jobs were created in Singapore in the first half of the year but the unemployment rate rose in the second quarter due to an increase in the labor supply. Singapore employs a large number of foreign domestic workers and laborers and has a large expatriate business community.


Updated : 2021-02-28 12:00 GMT+08:00