Singapore unemployment rate fell to 1.8% in September
Unemployment remained low in Singapore, reflecting the tight labour market.
The Manpower Ministry, MOM, says the overall unemployment rate was 1.8 per cent in September, down from 2.1 per cent in June.
The unemployment rate for residents fell to 2.6 per cent from 2.9 per cent, and to 2.8 per cent from 3.1 per cent for Singapore citizens.
Total employment rose by 33,100 in the third quarter.
There were also more job openings but fewer job seekers.
Tim Klimcke, Associate Director from recruitment firm Robert Walters, explains that this could be because companies are trying to secure talents before the end of the year.
"However also looking at where we are in the time of the year, potential candidates could be mindful of potential payouts or AWS, we are seeing a more cautious approach in candidates at the moment because if they move in too quickly and secure a role in Q4, typically they may forgoing a substantial sum of money if they move."
MOM said total employmenr was 4.2 per cent higher than a year ago.
2,710 workers were made redundant in the quarter.
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