Resident employment rebounds, but retrenchments still rising
Figure of 2.34 million is close to that in December 2019; non-resident employment took brunt of pandemic impact
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ALTHOUGH Singapore's resident employment levels bucked the trend and recovered to near pre-pandemic levels in September, the labour market is expected to remain weak in the months ahead.
Resident employment stood at 2.34 million in September, recovering from 2.29 million in June and inching closer to the pre-Covid-19 level of 2.36 million seen in December 2019, according to preliminary data from the Ministry of Manpower (MOM) on Friday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar