It offers Singapore’s manpower stats for the first half of 2019
Employers in Singapore exercised greater caution in hiring over the second quarter, according the Ministry of Manpower’s (MOM) labour market report released today (12 Sept).
Unemployment rates have inched slightly, but the number of job vacancies has declined, found MOM.
However, retrenchments remained low, suggesting that most employers are not laying off existing staff – they’re simply more wary about recruiting new ones.
Restructuring and reorganisation remained the top reason for retrenchments, as cited by companies.
Regardless, MOM found that employment growth in the first half of 2019 remained robust in the following sectors:
- Community, Social & Personal Services
- Professional Services
- Financial & Insurance Services
- Information & Communications