02-12-2021, 05:56 PM
Singapore's labour market is slowly recovering- with more people being employed and incomes rebounding - but resident unemployment rates remain elevated, according to advance estimates released by the Ministry of Manpower (MOM).
The median incomes of residents -Singaporeans and permanent residents - rose above pre-Covi-19 levels this year, rebounding from last year when they had regressed for the first time in 16 years due to the pandemic.
The overall employment rate for residents aged 15 and above also grew to 67.2 per cent in June, up from 64.5 per cent a year earlier, MOM highlighted in the annual report yesterday.
This is also higher than the 65.2 per cent in June 2019.
A breakdown shown that the improvement was across various groups, thanks to the larger economic recovery and support measures such as the SGUnited Jobs and Skills Package, said the report, which is based on mid-year data...
Part of an article found in today's The New Paper
The median incomes of residents -Singaporeans and permanent residents - rose above pre-Covi-19 levels this year, rebounding from last year when they had regressed for the first time in 16 years due to the pandemic.
The overall employment rate for residents aged 15 and above also grew to 67.2 per cent in June, up from 64.5 per cent a year earlier, MOM highlighted in the annual report yesterday.
This is also higher than the 65.2 per cent in June 2019.
A breakdown shown that the improvement was across various groups, thanks to the larger economic recovery and support measures such as the SGUnited Jobs and Skills Package, said the report, which is based on mid-year data...
Part of an article found in today's The New Paper