Report: Labour Market Advance Release 2019

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Report: Labour Market Advance Release 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 estimates, total employment (excl. FDW) continued to grow in 2019, contributed by locals (mainly in Services industries with a higher-skilled workforce) and foreigners (mainly in Construction). The number of retrenchments in 2019 stayed similar to 2018. As quarterly unemployment rates in 2019 were consistently higher than in 2018, the annual average unemployment rates in 2019 were higher than 2018.

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