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Employment rate still on the rise in Singapore

MOM announced that employment in Singapore rose to a new high in 2011, with an improvement among women and older residents.

The research showed that 78 per cent of the resident population aged 25 to 64 were employed in 2011 - surpassing the previous high of 77.1 per cent in 2010.

The growth on the number of permanent residents in the population has been declining reflected by this year's Singapore's resident labour moderation.

The pool of economically active residents over the year was 1.6 per cent up in June 2011, which was lower than the growth of 3.1 per cent in 2010 and the average of 2.6 per cent per annum from 2001 to 2011.

There were 2.08 million residents in the labour force as at June 2011.

Sixty-six per cent of the resident population aged 15 and over were either working or actively seeking work in 2011. (66.2 per cent in 2010 and 64.4 per cent in 2001)

78 per cent of the resident population aged 25 to 64 were employed in 2011 – surpassing the previous high of 77.1 per cent in 2010.

The employment rate for older residents also showed growth - 61.2 per centof residents aged 55 to 64 were working in 2011, higher from 59 per cent a year ago.

The employment rate for women aged 25 to 54 also rose to another high, from 71.7 per cent in 2010 to 73.0 per cent in 2011.

More residents were employed in both professional, managerial, executive & technician (PMET) and non-PMET jobs in 2011.

The median monthly income from work (including employer CPF contributions) of full-time employed residents rose by 8.3 per cent over the year to $3,249 in 2011, up from the growth of 2.5 per cent in 2010.