108 views
Photo by bady abbas on Unsplash

Employment growth doubles in Q3 as resident and non-resident hiring rises

Advanced estimates show that employment grew by 24,100.

Employment growth more than doubled in Q3 as hiring of both residents and non-residents picked up.

Advanced estimates from the Ministry of Manpower (MOM) showed that employment grew by 24,100 in Q3, a wider increase from the 11,300 growth in Q2.

Resident employment grew in sectors like Information & Communications, Professional Services, and Health & Social Services. 

Meanwhile, the Construction, Manufacturing, and Administrative and Support Services sectors drove the increase in non-resident employment.

With higher employment, unemployment rates dropped to 1.8% in September from 1.9% in August.

Unemployment rates for residents and citizens held steady at 2.6% and 2.7%, respectively.

Retrenchments likewise declined, falling to 2,900 in Q3 from 3,270 in Q2.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s aged care homes fall short
Their services are routinary and not personalised mainly due to resource constraints.
Healthcare
ArrowBiome develops technology to kill specific bacteria in humans
The Singapore startup focuses on the personal care market but may expand to gut health soon.
Healthcare
Mediation drives legal hiring growth in Singapore
Corporate and commercial law is also set to boost hiring in 2025 amid M&As.
HR & Education