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https://www.straitstimes.com/politics/unemployment-retrenchments-up-slightly-in-q2-2018-mom
Unemployment, retrenchments up slightly in Q2 2018: Manpower Ministry
Published
2 hours ago
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Yuen Sin
SINGAPORE - The labour market showed slight signs of slowing down in the second quarter of the year, after a sustained improvement since June last year, preliminary estimates released on Friday (July 27) by the Ministry of Manpower (MOM) showed.
Unemployment figures edged up, even as total employment grew - a result of more people being lured by a recovering economy to enter the labour force and look for work. Retrenchments also inched up.
Overall, the seasonally adjusted unemployment rate went up to 2.1 per cent, from 2 per cent in the last quarter from January to March.
For Singaporeans, the rate went up to 3.1 per cent, from 3 per cent.
More people also lost their jobs in the same period, compared with the three months before.
After hitting a five-year low of 2,320 layoffs between January and March, retrenchments went up to 2,500 in the second quarter. The figure was 3,640 a year ago.
Unemployment, retrenchments up slightly in Q2 2018: Manpower Ministry
Published
2 hours ago
Facebook Twitter WhatsApp Email
Yuen Sin
SINGAPORE - The labour market showed slight signs of slowing down in the second quarter of the year, after a sustained improvement since June last year, preliminary estimates released on Friday (July 27) by the Ministry of Manpower (MOM) showed.
Unemployment figures edged up, even as total employment grew - a result of more people being lured by a recovering economy to enter the labour force and look for work. Retrenchments also inched up.
Overall, the seasonally adjusted unemployment rate went up to 2.1 per cent, from 2 per cent in the last quarter from January to March.
For Singaporeans, the rate went up to 3.1 per cent, from 3 per cent.
More people also lost their jobs in the same period, compared with the three months before.
After hitting a five-year low of 2,320 layoffs between January and March, retrenchments went up to 2,500 in the second quarter. The figure was 3,640 a year ago.
