Singapore's unemployment edged down unexpectedly in the fourth quarter, preliminary figures released by the Ministry of Manpower revealed Friday.
The overall jobless rate decreased to 1.9 percent quarter-over-quarter in the fourth quarter, less than the 2 percent consensus estimate. In the third quarter, the jobless rate was at 2 percent.
The citizen unemployment rate and the resident unemployment rate declined to 2.6 percent in the fourth quarter from 2.8 percent and 2.9 percent, respectively, in the previous quarter.
At the same time, the number of employed people in Singapore increased by 39,600 in the fourth quarter compared with third quarter's gain of 33,400.
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