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Singapore's unemployment rate improves for fourth month in February

Amala Balakrishner
Amala Balakrishner • 2 min read
Singapore's unemployment rate improves for fourth month in February
“With every dip in the unemployment rate, the next drop will likely be harder to achieve,” cautioned Minister Josephine Teo.
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Things appear to be improving in Singapore’s labour market, for unemployment rates have fallen for the fourth consecutive month.

The nation’s overall unemployment rate dipped to 3% in February, from 3.2% in the previous month, the Ministry of Manpower (MOM) revealed in its monthly unemployment situation report on April 7.

Unemployment amongst residents – which comprises of Singaporeans and permanent residents – edged down to 4.1% in February, from 4.3% in January. Similarly, citizen joblessness declined to 4.3%, from 4.5% in the month prior.

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