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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Laos expects fifth Lao-Thai bridge to bring benefits to residents, boost connectivity
Drone bomb explosions kill 13-year-old girl in south-eastern Myanmar
Vietnam's power capacity ranks second in Asean
Pulse Asia: 54% of Filipinos support political dynasty ban
Ex-minister spends seven hours giving statement to MACC over alleged RM5mil bribe, supercar
Bali sees dip in domestic tourists, pins hopes on foreign visitors
Thai Police raid Black Mirror TKP drug-laundering network at 22 sites; People’s Party swaps an MP candidate
India's navy sails back to the future with historic voyage
South Korea's NewJeans’ full-member comeback derails as Ador cuts ties with Danielle
Carina Lau, Tony Leung go on ski holiday with fellow celebs including Faye Wong and Shu Qi

Others Also Read