Tag: labour market

MOM Minister Teo describes current economic slowdown as “persistent showers but with pockets of sunshine”

Singapore— Manpower Minister Josephine Teo said what sets the current economic downturn apart from previous ones is that this time, the job market has not felt the effect quite so badly and that good employment opportunities can still be found in certain sectors. She described...

More retrenchments, fewer jobs in 2019

Latest figures show a bleak trend in Singapore's labour market. The Ministry of Manpower (MOM) reported in its most recent labour market study that retrenchments increased from 2,320 in Q2 to 2,900 in Q3. Service industries faced the most number of job cuts followed by manufacturing...

Josephine Teo: Jobseekers, employers need more openness, flexibility to ensure better job matches

Singapore—In response to figures from the latest Labour Market Report showing a slight increase in unemployment, Manpower Minister Josephine Teo said that in order to close the gap between job vacancies and jobseekers, both employers and would-be hirees need to be “more open and...

MOM: Rise in unemployment rate due to ‘mismatch in the labour market’

Singapore—Data from the Labour Market Report released by the Ministry of Manpower (MOM) on October 24, Thursday, shows that Singapore’s overall unemployment rate has risen slightly in this year’s third quarter. The latest overall unemployment rate is at 2.3 percent, which is seasonally adjusted, shows...

Singapore sees worst case of job losses in 14 years

Singapore has seen a total employment contraction of 8,500 in the first quarter of the year, resulting in a 14-year high in job losses for the Island republic. Most of the job losses were registered in the construction and the manufacturing sectors. This was revealed by Citi Research,...