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Report: Labour Market Advance Release 2018
Released on:31/1/2019 9:40 AM

Report: Labour Market Advance Release 2018

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

Key findings: 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 key findings, please refer to the highlights of the report.