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SINGAPORE ECONOMY

Jobs may stay below pre-Covid level even as labour market recovers: MAS

Strict border curbs, foreign worker policies likely to slow recovery in foreign employment, along with push towards tech, lean staffing: economists

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Janice Heng

Janice Heng

Published Thu, Oct 28, 2021 · 09:50 PM

    Singapore

    WHILE tighter labour market conditions will fuel faster wage growth and the resident unemployment rate will keep improving, overall employment may remain below its pre-pandemic level even by end-2022, the Monetary Authority of Singapore said in its Macroeconomic Review on Oct 28.

    Strict border controls and foreign worker policies are likely to dampen the recovery in foreign employment next year, said Maybank Kim Eng senior economist Chua Hak Bin.

    Singapore manpowerMonetary Authority of Singapore

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