In a Monday report, senior economist Irvin Seah says, “While employment growth has remained strong, unemployment rate for residents rose to 3.2% on a seasonally adjusted basis, the highest since 1Q17. The number of retrenchments in the same period (2,430) edged up from the previous quarter (2,320) although it remained lower than a year ago (2,860).”
SINGAPORE (Feb 3): In just two more weeks, deputy prime minister and finance minister Heng Swee Keat will be announcing Budget 2020. And with a challenging economic outlook and the effects of the coronavirus outbreak in the background, Singaporeans are anticipating some relief from the upcoming budget, according to DBS Group Research.
Moreover, employment prospects in Singapore remain clouded with uncertainties. In recent months, job data has also shown mixed results.
