In March, job growth exceeded expectations with nonfarm payrolls increasing by 228,000, higher than the revised February numbers and Dow Jones estimates. However, the unemployment rate rose to 4.2%, surpassing the forecast, amid an increase in the labor force participation rate. The report provides temporary reassurance about the stability of the labor market, despite concerns over a potential global trade war following President Trump’s tariff announcement.
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COE quota to increase by 2.6% for August to October
The Land Transport Authority (LTA) of Singapore announced a 2.6% increase in the supply of Certificates of Entitlement (COEs) for the period from August to October, raising the total to 18,701. Bidding under this new quota will commence on August 4, with significant increases in Category E and adjustments based on vehicle deregistrations and population changes anticipated. Want More Context? 🔎
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