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.
This story is from the October 30, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 30, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
South Korea's defence ministry denies preferential treatment for BTS' V
South Korea's Ministry of National Defence has refuted claims that V, a member of K-pop boy band BTS, received preferential treatment while serving in the military.
K-actor Jung Woo-sung admits to fathering model Moon Ga-bi's child
South Korean actor Jung Woo-sung, 51, admitted on Nov 24 that he is the father of South Korean model Moon Ga-bi's child.
Chuck Woolery was the first host of Wheel Of Fortune
Chuck Woolery (right), the affable host of Love Connection, Wheel Of Fortune and other television game shows in the United States, who later criticized liberal values and the US Democratic Party as the co-host of a popular right-wing podcast, died on Nov 23 at his home in Texas. He was 83.
Sole Singaporean contestant Yang Yan eliminated
Idol survival reality show Starlight Boys
Spotlight on two female-directed movies in India
Laapataa Ladies and All We Imagine As Light might have a shot at winning Academy Awards, a rare prospect for the country
For diamond shoppers, yet another choice to make – natural or man-made?
With Thanksgiving marking the unofficial start of engagement season - late November through Valentine's Day is when marriage proposals are common - ring buying is top of mind for many couples considering marriage.
Culture and cuisine in Hanoi
Visit the Vietnamese capital's Opera House and sample offerings from Michelin-starred chefs in Senses of Capella
BUDGET TIPS FOR FAMILY TRIPS
Going abroad? Here are five money-saving hacks for the holidays with your nearest and dearest
How the late Arthur Frommer inspired travellers to 'just do it'
In the 1980s, when I planned my first trip to Europe, I cannot remember which Frommer's travel guidebook I took along.
Tension, pressure, nerve, genius: At the chess c'ship, the wait is worth it
For all the flow of action, all sport involves varied acts of waiting. We wait for the goal in football, the shooter to fire between heartbeats, a snarling Rafael Nadal to uppercut the air in delight.
