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Singapore Jobless Rate Dips

Singapore Jobless Rate DipsSingapore Jobless Rate Dips

The labor market in Singapore remained tight in the first quarter of 2015, as overall unemployment rate dipped to 1.8 percent from the previous quarter’s 1.9 percent, Channel NewsAsia reported. Employment also contracted in the first quarter after five years of strong increases, according to the report by the Manpower Ministry’s  Manpower Research and Statistics Department released on Monday. Unemployment rate fell to 2.5 percent from Q4 2014’s 2.7 percent, while the rate for citizens hit 2.6 percent from the previous quarter’s 2.7 percent, the report revealed. Employment contracted by 6,100 in the first quarter of the year, compared to the previous quarter.

Financialtribune.com