Singapore Job Firings Slow, Vacancies Rise as Economy Improves

Bloomberg.com, 15 Dec 2009
Dec. 15 (Bloomberg) -- Singapore employers fired fewer workers last quarter than in the previous three months and increased payrolls and job openings as the economy exited its worst recession since independence in 1965.
Total employment rose by 14,000 in the three months ended September, compared with a loss of 7,700 jobs the previous quarter, according to revised figures released by the Ministry of Manpower today. That is lower than the government’s October estimate of 15,400. The seasonally adjusted unemployment rate was 3.4 percent as companies cut 2,470 jobs.
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