Singapore's job market further recovers in Q2

Singapore's job market continued its recovery in the second quarter of this year, according to advance estimates released by the Ministry of Manpower (MOM).
Singapore's job market further recovers in Q2 ảnh 1Illustrative photo (Source: AFP/VNA)
Singapore (VNA) - Singapore's job market continuedits recovery in the second quarter of this year, according to advance estimatesreleased by the Ministry of Manpower (MOM).

In the quarter, the country's total employment, excludingmigrant domestic workers, expanded by 64,400 or 1.9%. Driving this growth wasthe services sector, which saw 27,300 people employed, closely followed by25,200 in construction and 12,200 in manufacturing.

The total employment grew at a faster pace than the firstquarter’s 42,000 or 1.2%.

The report showed that more residents found jobs,especially in growth sectors such as information and communications,professional services, and financial services.

Meanwhile, the unemployment rate, which peaked in October 2020,held steady after reaching pre-COVID-19 levels in February this year.

In its report, MOM said hiring is expected to remain strongin the coming months, as the proportion of companies that indicated they willincrease manpower in the next three months continued to rise by 1.5 percentagepoints in June, compared with March./.
VNA

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