labour market 3Q2023

Global Economy

Briefs: Fed prepares to shift to rate cuts in 2024; Singapore retrenchments increase in 3Q2023

"Instead of doing anything to help make Americans’ lives better, they are focused on attacking me with lies." - Joe Biden

Labour market

Retrenchments increase in 3Q2023; economic headwinds to continue weighing on labour market: MOM

Re-entry into employment among retrenched residents improved to 65.3% in the 3Q2023 while unemployment rates remained low at 1.9%.

Labour market

Retrenchments in Singapore rose to 4,100 in 3Q2023 with majority from wholesale trade sector: MOM

The proportion of firms which indicated an intention to hire in the next three months fell to 42.8% from 58.2%.