Unemployment rates in March 2018 were mostly lower than December 2017 and a year ago. Retrenchments were also lower in 1Q 2018 than the preceding quarter and a year ago. Total employment declined in 1Q 2018, but by a smaller extent than the same period last year. The decline was largely due to the continued contraction in Work Permit Holders in Construction and Marine Shipyard. All in, these indicators point to a slight improvement in labour market conditions in 1Q 2018.
For more information, please refer to the full Labour Market Advance Release First Quarter 2018 report.
Released on: 27 April 2018
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