Report: Labour Market Advance Release First Quarter 2018

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Report: Labour Market Advance Release First Quarter 2018

This release provides preliminary estimates of key indicators on the manpower situation covering unemployment, employment and retrenchment for the latest quarter.

Key findings: 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 key findings, please refer to the highlights of the report.