Final data confirmed that employment continued to grow, while the unemployment rate and the number of retrenchments inched up. At the same time, the re-entry rate among retrenched residents rose. However, hiring sentiments remained cautious, as the number of job vacancies continued to decline, albeit at a slower pace than the previous quarter. With a slight increase in unemployment, the ratio of job vacancies to unemployed persons declined further.
For more information, please refer to the full Labour Market Third Quarter 2019 report.
Released on: 12 December 2019
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