Singapore Employers Boost Payrolls as Economic Growth Surges

Singapore employers expanded payrolls for a fourth consecutive quarter as record economic growth prompted companies in the services and construction industries to boost hiring.

The city state added an estimated 26,500 jobs in the three months ended June, after the creation of 36,500 positions in the first quarter of 2010, the Ministry of Manpower said in a statement today. The seasonally adjusted unemployment rate rose to 2.3 percent from the previous quarter’s 2.2 percent as more jobseekers entered the labor market.