Financial News: Singapore Jobless Rate Rises Slightly In Q1

Singapore Jobless Rate Rises Slightly In Q1

04/28/2025 - 02:33:00 (RTTNews)

(RTTNews) - Singapore's jobless rate increased slightly in the first quarter but remained within the non-recessionary range, the Ministry of Manpower said Monday. The resident unemployment rate rose slightly to 2.9 percent in the first quarter from 2.8 percent in the fourth quarter of 2024.

While the citizen unemployment rate held steady at 3.1 percent in March compared to February, it was higher than the 2.9 percent registered in December. "Unemployment rates also remained within the non-recessionary range," the ministry said.

The ministry observed that the moderation of employment growth and a slight uptick in unemployment mirrors the deterioration in Singapore's economic outlook.

Although the labor market has continued to expand, the ministry expects the labor market to soften going forward given greater uncertainties in external growth prospects.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Spain Trade Gap Widens In March (30 min(s), 21 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (01 hr(s), 21 min(s), 21 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (01 hr(s), 52 min(s), 21 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint (02 hr(s), 05 min(s), 21 sec(s) ago)
(RTTNews) - China's industrial production increased more than expected in April despite trade ...Full Story»

Japan Tertiary Activity Falls 0.3% (03 hr(s), 15 min(s), 21 sec(s) ago)
(RTTNews) - Japan's tertiary activity index decreased for the first time in five months in Mar ...Full Story»

Thai Downgrades GDP Growth Outlook (03 hr(s), 39 min(s), 21 sec(s) ago)
(RTTNews) - Thailand's economy is projected to expand at a slower than previously estimated pa ...Full Story»

China Industrial Production Rises More Than Forecast (04 hr(s), 38 min(s), 21 sec(s) ago)
(RTTNews) - China's industrial production increased more than expected in April but growth in ...Full Story»

China Data On Tap For Monday (21 min(s), 39 sec(s) ago)
(RTTNews) - China is scheduled to release a batch of data on Monday, headlining a busy day for Asi ...Full Story»