Singapore’s resident employment staged a strong rebound in the third quarter of 2020, lifting resident employment levels to near pre-pandemic levels, according to the Ministry of Manpower (MOM).
Singapore’s resident employment stages a strong rebound in the third quarter of 2020 (Photo: straitstimes.com)
Singapore (VNA) – Singapore’s resident employment staged a strongrebound in the third quarter of 2020, lifting resident employment levels tonear pre-pandemic levels, according to the Ministry of Manpower (MOM).
Resident employment jumped 43,200 to 2.34 million in September, which is just anotch below September 2019 figure of 2.35 million, according to the LabourMarket Report Q3 2020.
Non-residentemployment, excluding foreign domestic workers, however, contracted by 72,300in Q3, even more sharply than the first half of the year. This led to acontraction of 29,100 in total employment for Q3, easing from the contractionof 103,800 in Q2, when Singapore was on a partial economic shutdown.
Overalland citizen unemployment rates were 3.6 per cent and 4.9 per cent respectivelyin October, unchanged from September. Resident unemployment inched up from 4.7per cent to 4.8 per cent during this period.
Ministerof Manpower Josephine Teo said the support measures for local employment playeda key role in stabilising the job market, adding these include Jobs SupportScheme and National Wages Council guidelines that helped to preserve a strongSingaporean core across all sectors.
Almost 60,000 local job seekers were placed into work and trainingopportunities under the SGUnited Jobs and Skills Package from April to October,the MOM said. More than 120,000 openings are still available.
However, Teo warned that challenges lie ahead as the nature of jobs changes./.
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Singapore’s resident employment stages a strong rebound in the third quarter of 2020 (Photo: straitstimes.com) 
