Singapore job market shows signs of ‘slowing momentum’ as retrenchment rises


The number of retrenchments rose to 1,600 in the third quarter, almost double the previous quarter’s all-time low of 830. - ST

SINGAPORE (The Straits Times/Asia News Network): Employment continued to rise in the third quarter but Singapore’s job market recovery showed signs of a “slowing momentum”, the Ministry of Manpower (MOM) said on Friday (Oct 28), as retrenchments swung up and the unemployment rate climbed.

In advance estimates for the quarter, MOM said total employment – excluding migrant domestic workers – rose 75,600 from the previous quarter.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , job , market

Others Also Read