// Adds dimensions UUID, Author and Topic into GA4
Saturday, September 12, 2026
30.7 C
Singapore
type here...
Depositphotos/Pompjaideaw
Singapore News
1 min.Read

Singapore’s resident employment rose 4,000 in Q3, retrenchments drop to 3,050

Mary Alavanza
By Mary Alavanza

SINGAPORE: Singapore’s resident employment increased by 4,000 in the third quarter (Q3) of 2024, following a seasonal decline in Q2.

The rise was primarily driven by strong hiring in outward-oriented industries such as information and communications, professional services, and financial services.

Non-resident employment also increased, with 18,200 more work permit holders employed, primarily in the construction and manufacturing sectors, according to the Ministry of Manpower’s (MOM) quarterly Labour Market Report released on Monday, Dec 9.

As a result, total employment saw an increase of 22,300 in Q3, nearly double the 11,300 gain in the previous quarter, The Business Times reported. 

MOM noted that labour demand remained robust, with more hiring activity as the year-end festivities approached.

However, job vacancies fell to 63,400 in September from 81,200 in June, with lower-skilled positions in sectors like construction, transportation, and manufacturing being filled.

Despite this decline, the number of job vacancies still exceeded that of job seekers, with 1.39 vacancies available for every jobseeker in September. Other key labour market indicators were positive.

Retrenchments also dropped to 3,050 in Q3, compared to 3,270 in Q2. The re-entry rate for retrenched residents improved to 60.4 per cent, up from 55 per cent in the previous quarter.

Unemployment rates also saw a slight improvement, with the overall rate at 1.9 per cent and the resident rate at 2.6 per cent in September.

MOM expects a tight labour market driven by economic growth and positive business sentiment. Wage and employment growth are likely to continue, backed by strong external demand and the recovery of the global electronics sector.

The ministry also expects better labour market results in 2024 compared to 2023. /TISG

Read also: Some workers turn to Grab deliveries or giving tuition to fill long periods of unemployment

Featured image by Depositphotos (for illustration purposes only)

Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Malaysia

171 Sungai Kim Kim victims win civil suit against factory and two Singaporean directors seven years after toxic waste disaster

Seven years after the Sungai Kim Kim disaster, 171 victims have secured a civil court victory against four defendants, including two Singaporean nationals. The amount of damages will be decided later.
Entertainment

Cik Lan drives Nur Sajat’s mum from JB at 4am for emotional reunion after 6 years apart

Singapore-born host Roslan Shah, better known as Cik Lan, helped Malaysian influencer Nur Sajat reunite with her mother in Singapore after six years apart.

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks