According to the preliminary announcement of the Ministry of Manpower on the labor marketplace for the primary quarter of 2024, a decline in non-resident employment was also observed in areas comparable to production and knowledge and communication.
A study in Singapore found that half of employees would quit in the event that they couldn’t make money working from home
A study in Singapore found that half of employees would quit in the event that they couldn’t make money working from home
Meanwhile, consistent with improved business expectations, applications from foreigners for higher-skilled work passes increased, Tuesday’s report showed.
Despite the decline in nonresident employment, total employment in the town rose by 4,900 in the primary quarter, marking the tenth straight month of growth, although growth slowed from 7,500 within the previous quarter.
The variety of layoffs, or job cuts as they’re called in the town, fell to three,000 from 3,460 within the previous three-month period.
Singapore, which is seeing economic growth of 1 to three percent this yr, expects labor demand to strengthen accordingly, the ministry cited research showing more firms intend to rent employees in the subsequent three months.
In March, overall unemployment rose barely to 2.1 percent, and the unemployment rate for residents and long-term residents rose to three percent and three.1 percent, respectively.
The ministry said the upper unemployment rate within the last quarter was not unexpected as data predicted larger cuts within the second half of 2023.
