SINGAPORE: Singapore's total employment grew 88,400 last year, including 83,500 for non-residents and 4,900 for residents, according to a labour market report released by the Ministry of Manpower today (March 14).
The majority of the new employment for non-Singapore residents was in the construction and manufacturing sectors, and the resident employment growth was seen in higher-paying sectors such as financial services, reported Xinhua.
The number of employed persons in Singapore exceeded 3.7 million as of December last year, except for migrant domestic workers, according to the report.
The total retrenchment numbers last year increased to 14,590 from 6,440 in 2022. The long-term unemployment rate held steady at 0.7 per cent. — Bernama
TAGS: Singapore, employment