Total employment rises in Q1 amid slowdown in economy

Singapore

THE labour market held steady in the first three months of this year, even as economic growth slowed.

Total employment continued to grow, while the overall unemployment rate remained at 2.2 per cent after accounting for seasonal variations.

Preliminary data released by the Manpower Ministry (MOM) on Friday also showed that the number of retrenchments was roughly the same as in the previous quarter.

There were 2,500 retrenchments in the first quarter of the year, almost similar to the 2,510 in the previous qua…