Singapore’s Jobless Rate Stabilizes Amid Signs of Cooling Demand
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Singapore’s unemployment rate remained stable in the fourth quarter, as the labor market remained tight despite signs of cooling demand.
The overall jobless rate was unchanged in December from the prior quarter at 2%, with the annual rate falling to 1.9% in 2023, according to advanced figures from the . Total employment continued to grow for a ninth straight quarter, but at a slower pace with only 8,400 new jobs.