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Q1 total employment dives a record 25,600, Q2 likely to be worse

Retrenchments reached 3,220 in Q1 2020, higher than the 2,670 in Q4 2019. Even so, this is lower than the 12,760 seen in Q1 2009 at the height of the Global Financial Crisis.


SINGAPORE'S employment in the first quarter of 2020 performed worse than expected, registering the largest quarterly contraction in total employment on record due to the pandemic, and analysts believe the labour market could weaken further in the second quarter.


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