Singapore’s Ministry of Manpower has reported that the country’s labour market in the third quarter of this year saw no major changes compared with the second quarter.
Hanoi (VNA) – Singapore’s Ministry of Manpower has reported thatthe country’s labour market in the third quarter of this year saw no majorchanges compared with the second quarter.
In itslatest preliminary report, the ministry estimated that unemployment rate in thefirst quarter remained unchanged from the same period in 2016, and the unemploymentrates of Singaporean residents and citizens were higher.
Taking a quarter-on-quarter basis, the seasonally adjusted overall unemploymentrate declined slightly from 2.2 percent in June to 2.1 percent in September,while the unemployment rate for citizens declined from 3.3 percent in June to3.2 percent in September, and the unemployment rate for residents remained at3.1 percent.
The ministry forecast that the resident unemployment rate could remain high inthe medium term due to on-going economic restructuring, shift in composition ofresident labour force and job-skills mismatch. But it predicted thatSingapore's labor demand will pick up in the fourth quarter of this year, inline with seasonal hiring as seen in previous years.-VNA
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A corner of Singapore (Source: channelnewsasia) 
