Employment grows at fastest rate in 4 years

Total employment, excluding foreign domestic workers, grew by 16,700 from July to September.
Total employment, excluding foreign domestic workers, grew by 16,700 from July to September.PHOTO: ST FILE

The labour market in Singapore continued to improve in the third quarter of this year, but there are signs that hiring may be slowing.

Total employment, excluding foreign domestic workers, grew by 16,700 from July to September. This was the fastest rate in four years.

But while there were more than enough job vacancies in the third quarter, the surplus dipped. The seasonally adjusted ratio of vacancies to unemployed people was 1.05 in September, down from 1.1 in June.

Overall unemployment rose slightly to 2.1 per cent in September, up from 2 per cent.

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A version of this article appeared in the print edition of The Straits Times on December 14, 2018, with the headline 'Employment grows at fastest rate in 4 years'. Print Edition | Subscribe