Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Singapore Added More Jobs Than Initially Estimated Last Quarter

Singapore’s companies added more jobs than initially estimated last quarter, pushing the unemployment rate to a 14-year low in 2011.

Employers increased payrolls by 37,600 in the three months through December, compared with a January estimate of 36,300, the Ministry of Manpower said in a statement today. The unemployment rate averaged 2 percent last year, it said.

The government has cut taxes in recent years to encourage companies to set up operations or expand in the Southeast Asian nation as it faces competition from neighbors including Indonesia and Malaysia in attracting investment. Singapore’s economy shrank for the second time in three quarters in the three months ended December as manufacturing eased, increasing pressure on policy makers to spur growth.

“With the economic outlook uncertain, hiring sentiments have continued to soften,” the government said today.

Productivity slipped 0.4 percent last quarter, the ministry said. Average wages before adjusting for inflation rose 4 percent in the fourth quarter from a year earlier.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.