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MAS macroeconomic review

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
Wednesday, April 29, 2015 - 05:50

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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.

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

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