The labour market improved in 2018, as total and local employment grew, while unemployment rates and retrenchments declined. However, trends in the last quarter of the year (4Q 2018) were mixed. The number of retrenchments held steady and total employment continued to grow, albeit at a more moderated pace. But, there was a slight uptick in unemployment rates from the previous quarter and the same period a year ago.
For more information, please refer to the full Labour Market Advance Release 2018 report.
Released on: 31 January 2019
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