There are loads of jobs available too. The PAP is doing a fantastic job.
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Singapore unemployment hits 14-year low, 120,000 jobs created
Published on Jan 31, 2012
Singapore's unemployment rate was brought to a 14-year low with the creation of 121,300 jobs in 2011. -- ST PHOTO: JOYCE FANG
By Cai Haoxiang
Singapore's unemployment rate was brought to a 14-year low with the creation of 121,300 jobs in 2011. However, layoffs also increased substantially in the last three months of 2011, according to preliminary estimates from the Manpower Ministry.
For the whole of 2011, the services sector added 95,100 workers, and the construction sector added 22,200. Manufacturing added 2,900 jobs as gains of 4,800 jobs in the first nine months of 2011 offset the 1,900 job losses there in the last three months.
Two in three jobs created, or 79,800, went to foreigners in response to strong manpower demand, said the Manpower Ministry. Local employment grew by 36,600 in 2011 'with slower resident population growth and most economically active residents already employed', it said.
The unemployment rate in December 2011 was unchanged from three months ago at 2 per cent. The rate is 2.9 per cent for citizens and permanent residents, and 3 per cent for citizens only. These rates are the lowest recorded in 14 years.