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Friday, Singapore's Ministry of Manpower said the jobless rate in the third quarter rose to a seasonally adjusted 3.4% from 3.3% in the previous quarter. During the same period of previous year, the unemployment rate was 2.3%. Among the resident labor force, the rate increased to 5% in September quarter from 4.6% in the previous quarter.
The ministry reported that the overall unemployment rate on a non-seasonally adjusted basis decreased to 2.9% in September from 4.1% in June quarter, as students who looked for work during the mid-year school vacation have returned to school and this year's tertiary graduates have started to secure employment.
Total employment increased 15,400 in the third quarter, ending losses in the first and second quarters of 2009. Services employment rose 13,400, while manufacturing shed workers for the fourth consecutive quarter.
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