The improvement – which is broad-based across demographic profiles – is in line with Singapore’s economic recovery and the impact of government measures such as the SGUnited Jobs and Skills Package (SGUJS), Jobs Support Scheme (JSS) and Jobs Growth Incentive (JGI), MOM notes.
A recovery in Singapore’s labour market is seemingly in sight, thanks to a rebound in income levels and a rise in the employment rates of residents. However, several other labour indicators are seen to continue lagging behind pre-pandemic levels, advance estimates released by the Ministry of Manpower (MOM) reveals.
The overall employment rate of residents aged 15 and above rose to 67.2% in June, compared to 64.5% a year ago. This is higher than the pre-pandemic level of 65.2% seen in June 2019.
