World Economy

Singapore Jobless Rate Eases

Singapore Jobless Rate EasesSingapore Jobless Rate Eases

The unemployment rate in Singapore moderated in the second quarter of the year, with the jobless rate amongst residents going down slightly from 3.2% to 3.1%. The uptrend seen since September 2016 was halted, CNA reported. This is according to the preliminary figures released by the Singapore Ministry of Manpower, which revealed that citizen unemployment also went down from 3.5% to 3.3%. In June 2017, an estimated 69,800 residents, including 62,800 Singapore citizens were unemployed, lower than 74,400 and 67,100 in March 2017. The number of layoffs also fell in the quarter, with only 3,500 retrenched workers compared to the 4,000 recorded in Q1.

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