Report: Labour Market Advance Release Second Quarter 2019

This release provides preliminary estimates of key indicators on the manpower situation covering unemployment, employment and retrenchment for the latest quarter.

Key findings: Based on preliminary data, total employment growth was lower than the previous quarter and a year ago, suggesting greater caution in hiring. Furthermore, resident and citizen unemployment rates continued their uptrend since September 2018. However, retrenchments stayed low, suggesting that while firms had slowed down hiring, most were not laying off existing workers.

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