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Fall in Singapore's total employment and retrenchment improves in 3Q2020

Amala Balakrishner
Amala Balakrishner10/30/2020 10:21 PM GMT+08  • 4 min read
Fall in Singapore's total employment and retrenchment improves in 3Q2020
Does 3Q2020 mark the bottom of contraction in unemployment and retrenchments in Singapore?
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Things appear to be improving in Singapore’s labour market, following the start of Phase 2 of the nation’s reopening on June 19.

Total employment excluding foreign domestic workers (FDWs) shrank by 26,900 in the third quarter ended September – a significant improvement from the historic 103,800 plummet seen in the quarter before.

This follows continued cuts in non-resident employment, the Ministry of Manpower (MOM) revealed in its preliminary estimates on Oct 30.

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