The Singapore economy did well last year. Growth was 4.9%, quite creditable considering the external uncertainties. Workers benefitted from this robust performance. Many good jobs were created, and our unemployment rate of 2% was the lowest in 14 years
The Singapore economy grew by 4.9 percent in 2011. More than 120,000 jobs were created and the unemployment rate dipped to a 14-year low of 2.0 percent in December 2011.
This year’s May Day comes at a time of continued difficulties in the world economy. Europe’s debt problems are a major worry. The US shows signs of gradual recovery, although high unemployment and housing debt problems are still brakes on its growth.
