Singapore labour market recovery to continue at more gradual pace in 2022: MOM

The information and communications and financial and insurance services, in particular, can expect healthy growth, due to robust demand for IT and digital solutions, and credit and payment processing services, said MOM."This should provide sustained labour demand in these sectors."

Meanwhile, consumer-facing sectors, such as food and beverage services and retail trade, are projected to benefit from the easing of Covid-19 measures as more workers will be needed to support the pick-up in business activities. On the other hand, recovery for the tourism and aviation-related sectors is expected to be slow"on the account of the gradual loosening of travel restrictions globally, and the nascent recovery in global travel demand", said MOM."Employment levels in these sectors may take longer to return to pre-Covid-19 levels."

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