World Economy

Singapore Unemployment Down

Singapore Unemployment DownSingapore Unemployment Down

The unemployment rate in Singapore remained low and trended down over the past four quarters as the labor market remained tight, Bernama reported. There were fewer layoffs across major industries, and lower unemployment for citizens and residents in the first quarter of 2015. Employment continued to grow, although at a slower pace than the seasonal high at the end of last year. Findings from the “Employment Situation, First Quarter 2015” report released by the Manpower Research and Statistics Department, Ministry of Manpower (MOM) on Saturday said: preliminary estimates showed that the overall seasonally adjusted unemployment rate dipped from 1.9% in December 2014 to 1.8% in March 2015.