Singapore: Labour market outlook remains bleak despite silver lining in Q3, say economists

The number of employed locals rebounded to almost pre-Covid-19 levels in the period between July and September. - The Straits Times/Asian News Network

SINGAPORE, Oct 31 (The Straits Times/ANN): Singapore's labour market showed signs of improvement in the third quarter, but the overall job market picture remains gloomy ahead.

While there was some bounce-back in local employment numbers, it is a faint silver lining amid the backdrop of rising retrenchments and declining overall employment, economists said.