Unemployment rate goes south

The unemployment rate for April-June 2010 was 2.8 percent and the underemployment rate was 1.9 percent, down by 0.1 and 0.2 percentage points respectively over the previous period (March-May 2010), according to official data. The number of unemployed decreased by about 300 from the previous period to 9,300. As the summer holiday approached, the number of fresh labour force entrants saw an increase, accounting for 7.5 percent of the unemployed, up by 2.1 percentage points over the previous period. The total labour force was 326,000 in April-June 2010 and the labour force participation rate stood at 71.6 percent, with the employed population increasing by about 1,000 over the previous period to 317,000.