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Report: Labour Market Report 2015
Released on:15/3/2016 12:00 AM

Report: Labour Market 2015

This quarterly release analyses the labour market situation. Topics covered include unemployment, employment, redundancy, re-entry into employment, job vacancy, labour turnover, hours worked and income from work.

Key findings: Local employment growth slowed after exceptionally high growth in 2013 and 2014. Growth in foreign employment continued to moderate since 2011. Even though local employment growth slowed, the resident and citizen unemployment rates remained low, and there was sustained growth in median income for citizen workers in 2015. The number of job openings remained higher than job seekers, but this ratio had moderated for the third consecutive quarter. Redundancies continued to trend up, amid on-going business restructuring and softer economic conditions.

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