International

SUBSCRIBERS

Q2 unemployment up for Singaporeans amid 'subdued' hiring

Data suggests most employers not retrenching, but exercising more caution in hiring even if they have unfilled vacancies

Published Fri, Jul 26, 2019 · 09:50 PM

Unemployment

Singapore

UNEMPLOYMENT for Singaporeans continued to rise as the pace of employment growth slowed in the second quarter of this year, amid trade tensions and global uncertainties.

However, retrenchments dipped, according to preliminary data released by the Ministry of Manpower (MOM) on Friday.

The unemployment rate for Singaporeans rose for the third consecutive quarter to 3.3 per cent in June, up from 3.2 per cent in March. This is after seasonal variations were taken into account.

The rate for Singaporeans and permanent residents combined rose to 3.1 per cent, up from 3 per cent, while the overall unemployment rate was unchanged …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes