The Ministry of Manpower said it expects the labour market to continue to expand in 2025, at least for the first quarter. — The Straits Times
SINGAPORE: Singapore’s labour market continued to expand in 2024 on the back of strong economic performance and positive business sentiments, though it faces more risks in 2025 from global uncertainties and trade tensions.
There were also indications in the final quarter of 2024 of more challenges for the job market – as quarterly retrenchments ticked up and the year-on-year job vacancy ratio dipped.
