People's Daily Online, 28 Nov 2008
Despite a more challenging economic outlook, employment in Singapore rose to a new high of 77percent in 2008 from 76.5 percent in 2007, government data showed on Friday.
The Singapore Manpower Ministry said in a workforce report that the rise was driven by both growth in the resident population and female labor force participation rate along with continued employment of older workers.
However, the country's jobless rate rose from a decade low of 2.4 percent in December last year to 3.1 percent in June this year, reflecting more cautious hiring sentiments amid the economic slowdown, said the report.
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