Singapore's non-resident employment up for first time in 2 years in Q4 '21

Labour market expected to continue improving in 2022; recent events such as Russian-Ukraine conflict could slow pace of recovery: report

Tessa Oh

Published Tue, Mar 15, 2022 · 05:50 AM

Singapore economy

Singapore

SINGAPORE'S non-resident employment rose for the first time in 2 years in the last quarter of 2021 as border measures gradually eased, though it was still down by 30,000 for the full year, the Ministry of Manpower (MOM) revealed in its latest Labour Market Report on Monday (Mar 14).

Total employment also saw an increase of 47,900 in Q4 after 2 previous quarters of decline.

The labour market is expected to continue improving in 2022, though recent events such as the Russia-Ukraine conflict have "significantly increased the downside risks" which could weigh on the pace of recovery, said permanent secretary Aubeck Kam.

The pace of recovery may also be m…