4 minute read
Overall, there has been broad improvements in the labour market for the period of the report. However, the labour market is still not back at pre-COVID conditions. Uncertainties in the economic environment will continue to weigh on the recovery of the labour market, said MOM.
Here are the main takeaways from the estimations in the preliminary report.
Read Also:
#1 Employment Of Residents (Singaporeans And PRs) Rebounded To Pre-COVID Levels
According to MOM’s estimates, the number of employed Singaporeans and PRs had returned to pre-COVID levels by the end of 2020. In the last quarter of the year, resident employment grew by 28,900, after increasing by 43,200 in the previous quarter. This was due to a pick-up in business activities after the circuit breaker in April and May.