News Formal

MAS sees continued ‘steady’ recovery in labour market, resident unemployment rate to fall further

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SINGAPORE: Singapore’s labour market is expected to continue recovering “at a steady pace” this year alongside the economy, with “most of the job ...

READ: Singapore's sharpest fall in employment in more than 20 years borne by non-resident workers: MOM

Already, the resident unemployment rate has eased further to 4.1 per cent in February, compared with the peak of 4.8 per cent in September last year. The pandemic may have also accelerated the economy’s shift away from low productivity sectors to those that have a higher value-add per worker and strong growth prospects in a post-pandemic world, MAS added.MARKET SLACK TO PERSIST, MUTED WAGE GROWTH

An individual is considered time-related underemployed if he is working part-time but is willing and able to engage in additional hours of work.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks cheer prospects for low rates, oil jumps on pipeline outageWorld stocks ticked up to new peaks on Monday on bets interest rates will remain low and the economy continue its recovery, while oil prices ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »