Economists optimistic on Q3 employment outlook despite Q2 setback

THOUGH tighter Covid-19 curbs took a toll on Singapore's total employment in the second quarter, the labour market situation is expected to improve in the third quarter, said economists, responding to the Ministry of Manpower (MOM) flash figures on Friday.

However, that is assuming that heightened measures and border controls are eased in the coming months, they added.

"Further progress from here for the job creation and unemployment rates would still be heavily dependent on the Covid versus vaccine developments," said OCBC head of treasury research and strategy Selena Ling.