Singapore’s Job Vacancies Decline In Q1 After Seven Straight Quarters Of Increase

SINGAPORE, June 13 (NNN-CNA) – Singapore saw its job vacancies decreased to 57,100 this March, from 62,300 last Dec, the first decline after seven consecutive quarters of increase, according to a report released by the Ministry of Manpower today (Thursday).

The Labour Market Report said, the number of vacancies for this March, which is seasonally adjusted, remained higher than the 53,900 for a year ago, and job vacancies are still more than job seekers in the city-state.

The report said, Singapore’s labour market held up in the first quarter of 2019, even though the economy slowed down. The overall unemployment rate and the resident unemployment rate held steady this March at 2.2 percent and three percent, respectively, compared to Dec, 2018. But the citizen unemployment rate rose from 3.1 percent to 3.2 percent during the period.

Singapore’s employment, excluding foreign domestic workers, increased by 10,700 in the first quarter this year, compared to 14,700 in the previous quarter and 400 in the year-earlier period. The figure for the first quarter of this year has been revised downwards from the preliminary estimate of 12,000 reported in the Labour Market Advance Release.– NNN-CNA