Retrenchments in S’pore decline for first time in a year, but signs of cooling labour market persist

SINGAPORE – Layoffs in Singapore declined for the first time in a year, while overall labour demand showed signs of cooling in the second quarter of 2023 as total employment growth slowed markedly to 23,700.

“F&B and retail outlets typically increase their hiring of temporary staff in the fourth quarter to cater for year-end festivities, and reduce their number of staff in subsequent quarters, with the easing of consumer demand.” Employment in the construction sector grew by 10,500 in Q2 2023, picking up the pace from the previous quarter. This is mainly attributed to more work permit holders.

Sectors such as community, social and personal services, financial services, and professional services saw continued resident employment growth, although growth has slowed amid global economic headwinds, said MOM.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Jail for company director who injured pedestrian while driving dangerouslyA director of an engineering firm, who has a history of committing multiple traffic offences such as speeding, was driving a car in a dangerous manner in 2020 when it struck a pedestrian. The victim, a 37-year-old woman who was crossing Upper Thomson Road at a traffic light...
Sumber: thenewpaper - 🏆 7. / 63 Baca lebih lajut »

Company director with history of speeding hit pedestrian with car causing her to suffer fractures to spine, armA director of an engineering firm, who has a history of committing multiple traffic offences such as speeding, was driving a car in a dangerous manner in 2020 when it struck a pedestrian. Read more at stomp.straitstimes.com
Sumber: stompsingapore - 🏆 11. / 53 Baca lebih lajut »