Singapore's unemployment rates could return to pre-Covid-19 levels by end-2022: economists

Singapore

WHILE Singapore's labour market is making a broad-based recovery from the Covid-19 pandemic, unemployment rates are only likely to return to pre-pandemic levels by end-2022, according to economists.

The employment rate for residents rose to 67.2 per cent in June this year, up from 64.5 per cent a year ago, according to the Ministry of Manpower's (MOM) advance release of its annual Labour Force in Singapore 2021 on Wednesday (Dec 1). This is higher than the pre-pandemic level of 65.2 per cent recorded in June 2019.