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MariaSharpie

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Higher unemployment rate, more retrenchments in Q2: MOM
« on: September 13, 2018, 05:48:45 pm »
Singapore's labour market saw  higher unemployment and more retrenchments in the second quarter,  although there was also employment growth and more job vacancies available, according to Ministry of Manpower (MOM) figures released on Thursday (Sep 13).

In its quarterly labour market report, the  ministry reported that the overall seasonally adjusted unemployment rate rose slightly from 2 per cent in the first quarter of 2018 to 2.1 per cent in the second quarter.

The seasonally adjusted unemployment rate among residents rose from 2.8 per cent in the first quarter to 2.9 per cent in the second quarter, while the rate among citizens rose from 3 per cent to 3.1 per cent from  the first to second quarter.

As of June, there were 67,300 residents and 59,800 citizens unemployed, MOM said.


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