Chart of the Day: 60,000 residents were unemployed in 2012

It's a tad 0.1ppt dip.

According to Ministry of Trade and Industry's Economic Survey of Singapore 2012, with robust employment creation in the fourth quarter, the seasonally-adjusted overall unemployment rate dipped to 1.8 per cent in December 2012, from 1.9 per cent in September 2012.

The seasonally-adjusted resident and citizen unemployment rates also fell to 2.6 per cent and 2.9 per cent respectively, from 2.8 per cent and 3.0 per cent in September 2012.

An estimated 50,500 residents, including 46,900 Singapore citizens, were unemployed in December 2012.

The seasonally-adjusted figures were 55,900 for residents and 51,300 for citizens. For the whole of 2012, the average overall and citizen unemployment rates were 2.0 per cent and 3.0 per cent respectively, unchanged from 2011’s levels.

The average resident unemployment rate, however, dipped from 2.9 per cent in 2011 to 2.8 per cent in 2012.

On average, 60,000 residents, including 53,900 Singapore citizens, were unemployed in 2012. The corresponding figures in 2011 were 60,600 and 52,900.