SINGAPORE (Mar 15): In line with the pickup in economic activity, Singapore’s local labour market showed marked improvement over 2017, with growth in local employment and a decline in the annual unemployment rate when compared to a year ago.

Based on the latest figures released by the Ministry of Manpower (MOM) total employment excluding foreign domestic workers (FDW) declined by 10,700 in total over 2017.

With local employment growth and foreign employment contraction in 2017, the local share of total employment (excluding FDW) rose from 66.4% in Dec 2016 to 67.2% in Dec 2017.

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