SINGAPORE: Singapore’s labour market showed robust signs of recovery in the third quarter of 2024, as both resident and non-resident employment rates increased significantly.
According to the Ministry of Manpower’s latest Labour Market Report, the total number of employed individuals surged by 24,100 during the quarter, marking a growth rate approximately 1.1 times greater than the previous quarter.
Conversely, the increase in non-resident employment was primarily driven by work permit holders in blue-collar positions, with notable gains seen in the construction, manufacturing, administration, and assistance services sectors. Layoffs also saw a decline, dropping from 3,270 in the previous quarter to 2,900 in Q3, suggesting that companies are becoming more cautious in their workforce management as they adapt to changing market conditions.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore's biomedical sector boosts manufacturing output in September Singapore News%
Read more »
Netball: Singapore Vandas bounce back to Asian Championship glory, eyeing SEA Games crown Singapore News -%
Read more »
Singapore stocks opened nearly unchanged on Tuesday's open—STI slightly rose by 0.02% Singapore News -%
Read more »
Robots set to revolutionize construction in Singapore's BTO projects Singapore News%
Read more »
Singapore is the 3rd most burned-out city in the world: Study Singapore News%
Read more »
Singapore scientists develop grain-sized soft robots for targeted drug delivery Singapore News%
Read more »