Singapore labour market expected stay tepid in Q1

GDP growth may still be weak with few signs of a pick-up but global slump is unlikely for now

Published Fri, Dec 30, 2016 · 09:50 PM

Singapore

THE official quarterly data coming out of the Ministry of Manpower (MOM) since April has painted a grim picture of the labour market in the first nine months of 2016, drawing comparisons with the big cuts in jobs and workers in the last recession in 2009.

Going by the first three quarters' data - the final quarter's data is still not out - the labour market in the past year was indeed in its worst shape in six years. And MOM wasn't the only one making reference to 2009 to underline the labour market's deterioration.

The Monetary Authority of Singapore, Singapore's central bank, also saw "similarities" between the labour…

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