Singapore Jobless Rate Falls As Expected In Q4 – Markets Insider

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(RTTNews) – Singapore’s unemployment rate dropped slightly in the three months ended December, in line with expectations, preliminary figures from the Ministry of Manpower showed Friday.

The seasonally adjusted jobless rate edged down to 2.1 percent in the fourth quarter from 2.2 percent in the third quarter. The figure also matched consensus estimate.

The unemployment rate among residents dropped from 3.1 percent to 2.9 percent. Similarly, for citizen, the rate fell to 3.0 percent from 3.2 percent.

The annual average unemployment rate for the whole year 2017 was 2.2 percent versus 2.1 percent in 2016.

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