UPDATE 1-Singapore jobless rate at 1-year high, seen rising

Reuters India
31 Jul 2008

SINGAPORE, July 31 (Reuters) - Singapore's jobless rate rose to a one-year high as firms slowed hiring amid choppy financial markets and a weakening global economy, and analysts warned that unemployment may climb in coming months.

The jobless rate rose to 2.3 percent in the April-June period after seasonal adjustments, compared to 2 percent in the previous quarter, the Ministry of Manpower said in preliminary data on Thursday.

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