Workforce growth likely to fall to 1-2% in next five years
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S total annual workforce growth is expected to continue on its downward trend to 1-2 per cent between 2016 and 2020 - and this decline is likely to continue beyond that period as the local workforce growth will eventually stagnate, with baby boomers entering retirement.
Manpower Minister Lim Swee Say shared this at a media briefing on Thursday, as he painted the Republic's labour outlook for the next five years, following preliminary employment estimates released by the ministry.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
