Total employment up by 25,100 in Q3

Resident jobless rate reaches 3.1% as retrenchments ease

Overall employment increased by 25,100 in Q3, stronger than the 10,400 increase seen in the previous quarter, according to the Labour Market Report of the Ministry of Manpower.

Employment among residents was led by the financial and insurace services, and health and social services sectors, while employment among non-residents was driven mainly by the construction and manufacturing sector.

The ministry added unemployment rates stayed low during the quarter, while the number of job vacancies eased slightly to 69,200 in September from 76,900 in June.

The ministry registered 1.6 retrenchments per 1,000 employees, with the total number of retrenchments at 3,670 during the quarter.

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