MOM releases latest labour market report

It breaks down the findings by demographics

MOM releases latest labour market report

Median income of Singaporean employees continued to grow in 2019 but at a slower pace, according to the Ministry of Manpower’s (MOM) latest labour report revealed today (28 Nov).

Incomes grew by 2.2% in 2019. This is much lower compared with 2018, where it grew by 4.4% for full-time employees.

Overall, slightly more Singaporeans were employed in June 2019 versus a year ago. Additionally, unemployment remained low.

“However, the unemployment situation is uneven, affecting non-PMETs more than PMETs,” MOM said. “The increase in the number of employees on fixed-term contracts also suggests cautious hiring.”

Regardless, full-time employees still made up the “vast majority” of the workforce in Singapore, found the report.

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The report also revealed insights by demographics:

  • For Singaporeans aged 25 to 64: Employment rate for men “stayed high”, while it “continues to improve” for women
  • For those 65 and over: Slightly more workers were hired over the year
  • Low-wage workers: Income grew “significantly higher” than the last five years

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