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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60940)	2/25/2002 3:59:36 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Singapore says unemployment may hit six percent sg.news.yahoo.com Monday February 25, 10:34 AM SINGAPORE (Reuters) - Unemployment in Singapore will worsen and may hit six percent before the economy recovers later this year, The Straits Times reported on Monday. "What we will see from the employment situation is that it will get worse before it gets better," the paper quoted Minister of State for Education and Manpower Ng Eng Hen speaking at a Lunar New Year celebration. Preliminary estimates show that Singapore's seasonally adjusted unemployment rate rose to a 15-year high of 4.7 percent in December last year from 3.8 percent in September. Ng described the unemployment rate of 5.3 percent for Singapore's resident population of about three million as "already quite high" adding the last such job squeeze was 17-years ago in 1985.