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Wage growth slowing despite tight labour market

Wages could rise more sharply in 2016, especially if economic conditions improve and the unemployment rate falls further

Published Tue, Apr 28, 2015 · 09:50 PM

Monetary Authority of Singapore

Singapore

SINGAPORE's labour market remains tight, but wage growth has eased along with the weak economic environment and productivity performance, as well as shifts towards lower-paying jobs and part-time work.

"It is, however, expected to pick up this year, given the tight labour market, although unlikely to exceed the 10-year historical average," the Monetary Authority of Singapore (MAS) said on Tuesday.

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