Similar to findings from the Labour Market Advance Release, the labour market showed further signs of improvement in the third quarter of 2018 compared to the second quarter of 2018. Total employment grew at a faster pace. The resident long-term unemployment rate declined, while their unemployment rate held steady. Fewer workers were retrenched. However, re-entry rates declined, after rising in the previous quarter. The tightening of the labour market may have also started to ease. The ratio of job vacancies to unemployed persons dipped, although there continues to be more vacancies than job seekers. The recruitment rate also declined, after holding steady in past quarters. This suggested some caution in hiring.
For more information, please refer to the full Labour Market Third Quarter 2018 report.
Released on: 13 December 2018
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