Analysts are closely watching Singapore’s net employment data, job vacancies, average monthly earnings, and unemployment rates. Here’s a look at what the labour-market gauges tell us about the outlook:
(Oct 29): Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures.
Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some recovery in the economy in upcoming quarters, there are signs the employment outlook may continue to deteriorate.
