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Friday, the Ministry of Manpower said Singapore's jobless rate fell to a seasonally adjusted 2.1% with the strong employment growth in the December quarter. The unemployment rate in the third quarter was 3.4%. Among the resident labor force, the jobless rate eased to around 3% from 5% in the prior quarter.
The ministry estimated an increase of 38,700 in total employment, much higher than the gain of 14,000 in the third quarter. For the whole of 2009, total employment increased 38,800, as job gains in the second half of the year more than offset the losses in the first half.
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