Labour market

Close to half or 45% of the job openings in Singapore last year were for newly created positions.

Things appear to be improving in Singapore’s labour market, for unemployment rates have fallen for the fourth consecutive month.

Nearly half or 47% of workers in Asia say they are likely to change their employers while 56% are indicate that they are likely to change their profession.

The year 2020 saw Singapore’s total employment excluding foreign domestic workers (FDWs) logging its sharpest plunge in over two decades, no thanks to the pandemic.

Foreigners living as dependants in Singapore who decide to seek employment will soon have to obtain their own work passes, Manpower Minister Josephine Teo said Wednesday.

Resident employment in Singapore rose by 28,900 in the last quarter of 2020 as the labour market continued to show signs of improvement.

Singapore is tightening restrictions on intra-corporate transferees, one category of workers brought from overseas offices of multinational corporations, the Straits Times reported.

Resident employment levels in September 2020 (at 2.34 million) have returned to near pre-Covid-19 levels, announced the Ministry of Manpower (MOM) in its Labour Market Report for 3Q2020 on Dec 17.

Jobseekers have cause for celebration as Singapore’s hiring pace in the first three months of 2021 is set to be the strongest in six years.

The impact of the Covid-19 pandemic on resident employment rate in Singapore has been varied across age groups, the Ministry of Manpower (MOM) reveals in its Labour Market Report on Dec 3.