Singapore’s overall unemployment rate declines for fourth consecutive month in February
Manpower Minister Josephine Teo shared on Wednesday (April 7) that Singapore’s employment situation has continued to improve, with resident and citizen unemployment rates declining for the fourth straight month in February. The unemployment rate peaked in September last year till October, before falling steadily since November, while continuing to drop for the fourth consecutive month in February as the economy continues to recover.
Mrs Teo noted that under the Jobs Growth Incentive, payouts were made to 27,000 employers, who collectively hired 130,000 locals in the first three months of the scheme.
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