According to MOM, resident employment continued to grow during the year, especially in outward-oriented sectors such as financial services, information & communications and professional services.
Singapore’s labour market has improved “significantly” in 2022 on a y-o-y basis, with total employment growing by a record 227,800. The figure also reached some 2.9% above its pre-pandemic level.
The figure, which excludes migrant domestic workers (MDW), was the highest seen since the comparable series by the Ministry of Manpower (MOM) started from 1991.
