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Report: Labour Market Advance Release 2015
Released on:28/1/2016 12:00 AM

​​Report: Labour Market Advance Release 2015

This release provides preliminary estimates of key indicators on the manpower situation covering unemployment, employment and redundancy for the full year and includes trends on Singaporeans’ monthly income from work.

Key findings: Total employment growth slowed significantly in 2015. Foreign growth continued to moderate, while local growth was flat following exceptional increases in 2013 and 2014. In general, the sharp slowdown in local employment growth did not result in higher unemployment, as more stayed outside the labour force amid the softer economic conditions. Citizens continued to experience low unemployment rates and robust income growth. Layoffs rose steadily, amid continued business restructuring.

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