[Sent by MOM - 29 Oct]
Based on the Labour Market Advance Release published today, the labour market continued to expand in third quarter of 2024, in line with the sustained economic growth during this period.
Main findings show:
✔️ Total employment growth more than doubled in 3Q 2024, with increases from both residents and non-residents
✔️ Unemployment rates remained low
✔️ The number of retrenchments declined
The Government will continue to empower workers to strengthen their career health and seize new opportunities.
Read the latest Labour Market Advance Release: https://go.gov.sg/mom-lmar-3q2024
Based on the Labour Market Advance Release published today, the labour market continued to expand in third quarter of 2024, in line with the sustained economic growth during this period.
Main findings show:
✔️ Total employment growth more than doubled in 3Q 2024, with increases from both residents and non-residents
✔️ Unemployment rates remained low
✔️ The number of retrenchments declined
The Government will continue to empower workers to strengthen their career health and seize new opportunities.
Read the latest Labour Market Advance Release: https://go.gov.sg/mom-lmar-3q2024
[Sent by MOM – 1 Nov]
The Alliance for Action on Business Competitiveness, jointly led by the Ministry of Trade & Industry and Singapore Business Federation, has released its full report today. MOM will be reviewing the AfA’s recommendations on the Manpower pillar, which include:
✅ Strengthening support for businesses to improve productivity and job quality
✅ Expanding the Non-Traditional Sources Occupation List (NTS OL).
✅ Enhancing the Manpower for Strategic Economic Priorities (M-SEP) scheme.
Covered in Business Times: https://www.businesstimes.com.sg/singapore/singapore-public-private-task-force-calls-enhanced-grants-flexibility-foreign-workers
Read the full report at: go.gov.sg/afa-bc-report
The Alliance for Action on Business Competitiveness, jointly led by the Ministry of Trade & Industry and Singapore Business Federation, has released its full report today. MOM will be reviewing the AfA’s recommendations on the Manpower pillar, which include:
✅ Strengthening support for businesses to improve productivity and job quality
✅ Expanding the Non-Traditional Sources Occupation List (NTS OL).
✅ Enhancing the Manpower for Strategic Economic Priorities (M-SEP) scheme.
Covered in Business Times: https://www.businesstimes.com.sg/singapore/singapore-public-private-task-force-calls-enhanced-grants-flexibility-foreign-workers
Read the full report at: go.gov.sg/afa-bc-report
The Business Times
Singapore public-private task force calls for enhanced grants, flexibility with foreign workers
ENHANCED grants and more flexibility in the handling of foreign workers are among 27 recommendations in a report launched on Friday (Nov 1) by the public-private Alliance for Action (AfA) on Business Competitiveness.
[Sent by MOM - 26 Nov]
We looked at the employment outcomes of Singapore Citizens from 2013 to 2023, and here’s what we found:
✅️ Income growth stayed strong at both the median and 20th percentile, supported by the Workfare Income Supplement and related schemes.
✅️ Unemployment rates have remained low and stable, barring the pandemic period.
🔍 Find out more: go.gov.sg/employment-outcomes-of-sg-citizens
We looked at the employment outcomes of Singapore Citizens from 2013 to 2023, and here’s what we found:
✅️ Income growth stayed strong at both the median and 20th percentile, supported by the Workfare Income Supplement and related schemes.
✅️ Unemployment rates have remained low and stable, barring the pandemic period.
🔍 Find out more: go.gov.sg/employment-outcomes-of-sg-citizens
[Sent by MOM - 28 Nov]
Singapore's labour market has performed well this year, according to the Labour Force in Singapore Advance Release 2024. Key highlights include:
▪️ Real incomes rebounded from 2023 as nominal income growth strengthened and inflation eased
▪️ Job switchers who changed industries typically received higher income
▪️ Despite a slight decline in the overall Labour Force Participation Rate due to an ageing population, Singapore maintained one of the highest rates compared to other major cities
▪️The employment rate of persons with disabilities has increased steadily over the years
Read the Advance Release in full at go.gov.sg/lfsar-2024
Singapore's labour market has performed well this year, according to the Labour Force in Singapore Advance Release 2024. Key highlights include:
▪️ Real incomes rebounded from 2023 as nominal income growth strengthened and inflation eased
▪️ Job switchers who changed industries typically received higher income
▪️ Despite a slight decline in the overall Labour Force Participation Rate due to an ageing population, Singapore maintained one of the highest rates compared to other major cities
▪️The employment rate of persons with disabilities has increased steadily over the years
Read the Advance Release in full at go.gov.sg/lfsar-2024
[Sent by MOM - 9 Dec]
According to the Labour Market Report 3Q 2024, Singapore’s labour market performed well, in line with our sustained economic growth. Here are the key highlights:
✅ Total employment growth nearly doubled in 3Q 2024 as compared to the previous quarter
✅ Unemployment rates and retrenchments remained low
✅ Labour demand declined but remained high, with more job openings than unemployed persons
Read the Labour Market Report 3Q 2024: go.gov.sg/mom-lmr-3q2024
According to the Labour Market Report 3Q 2024, Singapore’s labour market performed well, in line with our sustained economic growth. Here are the key highlights:
✅ Total employment growth nearly doubled in 3Q 2024 as compared to the previous quarter
✅ Unemployment rates and retrenchments remained low
✅ Labour demand declined but remained high, with more job openings than unemployed persons
Read the Labour Market Report 3Q 2024: go.gov.sg/mom-lmr-3q2024
stats.mom.gov.sg
Report: Labour Market Third Quarter 2024
Manpower Research & Statistics Department
[Sent by MOM - 10 Dec]
Uplifting Security Officers with Progressive Wages
We’re leaving no worker behind! Today, the Government has accepted the Security Tripartite Cluster’s recommendations on the Security Progressive Wage Model (PWM). This means that security officers employed by security agencies on part-time and ad-hoc work arrangements will receive annual wage increases from 1 Jan 2026 to 31 Dec 2028. Learn more about PWM at go.gov.sg/pwm
Uplifting Security Officers with Progressive Wages
We’re leaving no worker behind! Today, the Government has accepted the Security Tripartite Cluster’s recommendations on the Security Progressive Wage Model (PWM). This means that security officers employed by security agencies on part-time and ad-hoc work arrangements will receive annual wage increases from 1 Jan 2026 to 31 Dec 2028. Learn more about PWM at go.gov.sg/pwm
[Sent by MOM - 27 January]
Based on the Labour Market Advance Release published today, the labour market continued to expand in the fourth quarter of 2024.
Main findings show:
✔ Total employment for the full year of 2024 grew by 45,500, although the rate of expansion slowed compared to 2023
✔ In 2024, retrenchments dropped to 12,930, compared to 14,590 in 2023
✔ The overall unemployment rate remained unchanged in 2024 compared to 2023, at 1.9%
The Government will continue to support employers and workers to press on with transformation and upskilling to adapt to changes and seize new opportunities.
Read the latest Labour Market Advance Release: https://stats.mom.gov.sg/Pages/Labour-Market-Advance-Release-4Q-2024.aspx
Based on the Labour Market Advance Release published today, the labour market continued to expand in the fourth quarter of 2024.
Main findings show:
✔ Total employment for the full year of 2024 grew by 45,500, although the rate of expansion slowed compared to 2023
✔ In 2024, retrenchments dropped to 12,930, compared to 14,590 in 2023
✔ The overall unemployment rate remained unchanged in 2024 compared to 2023, at 1.9%
The Government will continue to support employers and workers to press on with transformation and upskilling to adapt to changes and seize new opportunities.
Read the latest Labour Market Advance Release: https://stats.mom.gov.sg/Pages/Labour-Market-Advance-Release-4Q-2024.aspx