Labour market recovery could be slow in playing catch-up
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SINGAPORE'S resident employment numbers surged 43,200 in the third quarter of this year, signalling that a recovery of the labour market might be in sight.
In addition, resident employment, at 2.34 million in September, is comparable with the 2.35 million recorded a year earlier, before the Covid-19 pandemic hit.
Yet, the other indicators in the Ministry of Manpower's (MOM) Labour Market Q3 report on Thursday present an almost disjointed picture that has left the ministry only "cautiously optimistic".
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