S'pore Labour Statistics

Jobs created:
1H07: 1113 800 (1H06: 81 500)

Job vacancies:
2Q07: 37 400 (1Q07: 32 200)

Unemployment rate:
2Q07: 2.3% (1Q07: 2.9%)

Wage increase (yr on yr):
2Q07: 8.5% (1Q07: 5.5%)

Labour productivity (yr on yr):
2Q07: 0.4% (1Q07: -1.3%)

Unit labour cost:
2Q07: 5.7%

Wages increase has achieved its largest rise in 2Q07 since 7yrs ago. However, a higher labour costs could damp the economy. 2Q productivity has risen by 0.4% which helped to ease the rise in overall unit labour cost.