This quarterly release analyses the labour market situation. Topics covered include unemployment, employment, retrenchment, re-entry into employment, job vacancy, labour turnover and hours worked.
Key Findings: 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.
This edition also carries a technical note on employment change, unemployment and retrenchment. These three headline indicators provide a timely measure of the state of the labour market. In this technical note, we summarise what they are and how they have trended over time.
For more key findings, please refer to the highlights of the report.
Released on: 12 December 2019
Release: 12 Dec 2019
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