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Retrenchments in Singapore fall for second straight quarter, employment growth cools

By The Straits Times

30 Apr 2024

SINGAPORE – Retrenchments in Singapore fell for the second straight quarter while the hiring outlook improved, according to preliminary first-quarter labour market data released by the Ministry of Manpower (MOM) on April 30.

The data also showed that total employment grew by 4,900 in the January to March quarter, down from 7,500 in the previous quarter.

The growth came wholly from Singaporeans and permanent residents (PRs).

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