SteelGuru, 31 Oct 2009
AP reported that Singapore's unemployment rate crept higher in the third quarter with a recession earlier this year triggering layoffs in the manufacturing sector.
The Ministry of Manpower said that the unemployment rate was a seasonally adjusted 3.4% in September, up from 3.3% in June. The jobless rate was 1.9% in September 2008. The jobless rate rose even as the economy added jobs overall, indicating new employment couldn't keep pace with the number of new job seekers entering the labor market.
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