Total employment in Singapore grew for sixth consecutive quarter: Q1
Meanwhile, unemployment rates were at the lowest since March 2015.
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Meanwhile, unemployment rates were at the lowest since March 2015.
The Ministry of Manpower also noted the rise in retrenchments and the decline in job vacancies in its labour market report for the first quarter of 2023.
Additionally, while prices have risen, nominal wage growth kept pace with inflation, allowing real wages to grow marginally in 2022 (0.4%).
SINGAPORE (The Straits Times/Asia News Network): Deputy Prime Minister Lawrence Wong’s speech on Monday (May 1), while signalling that political leadership renewal is under way, is also a timely reminder to Singaporeans to prepare for a rocky road ahead, said observers and labour MPs.
Hiring sentiment remains buoyant as most firms polled indicated their intention to increase headcount. Read more at straitstimes.com.