Singapore job market remains tight although Q1 sees lower jobless rate

SINGAPORE: Singapore's labour market remained tight in the first quarter of 2015 as the unemployment rate trended lower amid fewer redundancies and job openings, said the Ministry of Manpower and Statistics Department in the “Labour Market, First Quarter 2015: Report.”

After five years of strong increases, it said employment contracted in the first quarter of 2015, amid seasonal declines and sharper moderation in employment growth in the manufacturing and construction sectors, retail trade, real estate services and accommodation and food services.