​​Report: ​Labour Market Second Quarter 2017

This quarterly release analyses the labour market situation. Topics covered include unemployment, employment, retrenchment, re-entry into employment, job vacancy, labour turnover and hours worked.

Key Findings:The resident unemployment rate declined in June 2017 compared to March 2017, but remained higher than a year ago. The number of retrenchments in the second quarter of 2017 was also lower than the previous quarter and a year ago. With higher vacancies and fewer job seekers, the ratio of job vacancies to unemployed persons has improved for the second consecutive quarter. Total employment contracted in the second quarter of 2017, mainly due to a decrease in Work Permit Holders in construction and manufacturing.

For more key findings, please refer to the highlights of the report.