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Q1 retrenchments in Singapore lowest in nearly 7 years: MOM

Report also shows overall unemployment rate at 2%, down from 2.1% in the preceding quarter

Published Fri, Apr 27, 2018 · 09:50 PM

Singapore

THE labour market in Singapore has continued to show slight improvements in the first quarter of 2018, with retrenchment numbers the lowest in nearly seven years and the unemployment rate of residents hitting a two-year low.

In a report released by the Manpower Ministry on Friday, preliminary data showed that the number of retrenchments in the first quarter of this year was 2,100.

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