Singapore labour market

Global Economy

Briefs: Fed prepares to shift to rate cuts in 2024; Singapore retrenchments increase in 3Q2023

"Instead of doing anything to help make Americans’ lives better, they are focused on attacking me with lies." - Joe Biden

Labour market

Singapore's Lawrence Wong flags ‘structural decline’ without migrant workers

As a small, open economy, Singapore relies on foreign workers to help meet its labour needs.

Labour market

Singapore’s total employment expands for sixth straight quarter, now 3.8% above pre-pandemic level: MOM

The number of jobs available in the market fell for the fourth straight quarter to 99,600 in March this year.
One in three people in Asean and Hong Kong looking for new jobs; 2023 remains a 'jobseekers' market' - THE EDGE SINGAPORE

Global Economy

One in three people in Asean and Hong Kong looking for new jobs; 2023 remains a 'jobseekers' market'

A new study by JobStreet and BCG found that 70% of talent in Asean and Hong Kong believe they have 'strong negotiation power'.
Budget 2023: Singapore raises Progressive Wage Credit Scheme by $2.4 bil, enhances labour market support - THE EDGE SINGAPORE

Budget 2023

Budget 2023: Singapore raises Progressive Wage Credit Scheme by $2.4 bil, enhances labour market support

This is part of a range of measures announced by Wong to help lower wage workers achieve better career progression and wages.
Singapore unveils long-term work visas to end talent crunch - THE EDGE SINGAPORE

Labour market

Singapore unveils long-term work visas to end talent crunch

The new rules will allow foreigners earning a minimum $30,000 per month to secure a five-year work pass.

Labour market

Non-resident worker inflows expected to recover: MOM

Job vacancies have increased to a new high of 128,100 during the 1Q2022, according to figures released by the ministry on June 17.
Number of jobs in Singapore up by 21% y-o-y in 3Q2021: Michael Page Singapore - THE EDGE SINGAPORE

Labour market

Number of jobs in Singapore up by 21% y-o-y in 3Q2021: Michael Page Singapore

Opportunities were seen in: engineering & manufacturing, digital and technology
Singapore labour market improves in 1Q21, but unemployment rate still higher than pre-pandemic levels - THE EDGE SINGAPORE

Labour market

Singapore labour market improves in 1Q21, but unemployment rate still higher than pre-pandemic levels

Singapore’s 1Q2021 total employment grew for the first in four consecutive quarters.

Labour market

Singapore to face labour shortage amid tightened Covid-19 measures

Companies in Singapore’s construction, marine and process sectors will be especially hard hit by stricter border measures.
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