Singapore retrenchments fall for second straight quarter


Data show that total employment grew by 4,900 in the January-March quarter, down from 7,500 in the previous quarter. — Bloomberg

SINGAPORE: Retrenchments in Singapore fell for the second straight quarter while the hiring outlook improved, according to preliminary first-quarter labour market data from by the Manpower Ministry (MoM).

The data released yesterday also showed that total employment grew by 4,900 in the January-March quarter, down from 7,500 in the previous quarter. The growth came wholly from Singaporeans and permanent residents (PRs).

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