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SINGAPORE ECONOMY

Labour costs up again, productivity still falling

Private consumption expenditure growth slows to 1.2%
Wednesday, November 26, 2014 - 05:50
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Singapore's overall unit labour cost rose 4.4 per cent in the third quarter of 2014 - its fastest pace in over a year.

Singapore

SINGAPORE's overall unit labour cost rose 4.4 per cent in the third quarter of 2014 - its fastest pace in over a year - as the effects of restructuring policies that are keeping the labour market tight continue to work their way through the economy.

While the desired

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