Singapore's total employment in the July to September period grew by 24,100, more than doubling from the growth of 11,300 in the second quarter, according to preliminary labour market data released on Oct 29.
The Ministry of Manpower (MOM) said the pickup in growth came from both residents - Singaporeans and permanent residents (PRS) as well as non-residents.
Said the ministry: "While there was a decline in hiring and wage expectations among companies for the fourth quarter of 2024 - reflecting ongoing uncertainty in export-oriented sectors - we expect employment to continue to expand in the next quarter, and the labour market to remain tight.
"This outlook is supported by an upward revision to the GDP (gross domestic product) growth forecast and anticipated year-end hiring for the festive period." Meanwhile, the number of retrenchments in the third quarter fell 11.3 per cent to 2,900 from 3,270 in the second quarter.
MOM noted that these retrenchment figures decreased or remained stable across sectors. Corporate restructuring remained the top reason for retrenchments.
National Trades Union Congress assistant secretary-general Patrick Tay said in a Facebook post on Oct 29 that retrenchments are holding steady as the manufacturing sector is performing better compared with the past two years.
هذه القصة مأخوذة من طبعة October 30, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 30, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
British novelist David Lodge was twice shortlisted for Booker Prize
British novelist David Lodge, who was shortlisted for the Booker Prize twice, has died at the age of 89, his publisher said on Jan 3.
A CITY FOR BABIES
After a successful experiment, The City of Babies Lab has opened a new permanent space dedicated to children aged from birth to 23 months.
Scientist Names 16 New Spider Species After Jay Chou's Songs
A Chinese scientist has named 16 new spider species after songs by popular Mandopop musician Jay Chou.
Actress JJ Jia Xiaochen upset with hubby for not remembering wedding anniversary
Chinese actress JJ Jia Xiaochen has grumbled about her husband, Hong Kong action star Louis Fan, on social media again.
Actress Chen Liping leaves Mediacorp after 40 years
Actress Chen Liping, a household name in the local entertainment industry, has left broadcaster Mediacorp after 40 years.
Raising four cats costly, but gives Rui En four times the joy
In this new series, The Straits Times speaks to pet-owning personalities about the trials and delights of raising their fur kids
Vet Talk Check that your pet is eating safely during the festive season
Pet ownership is on the rise in Singapore, with many families treating their furry companions as one of their own.
Learning to embrace change positively
On the last evening of our recent family holiday, my three children were having a boisterous conversation in the bedroom of the apartment we were staying in.
STRONGER, TOGETHER
Good parent-teacher relationships can boost a child's confidence and holistic development
Roaring Off To A-League Adventure
Tan makes Brisbane debut as sub in loss to Canberra on her return from knee surgery
