A resident employee is a Singapore citizen or Permanent Resident, while non-resident employees refer to foreigners working here.
This rebound was due to a smaller decline in non-resident employment in 2021 and stronger resident employment growth throughout the year. Employment in these sectors also grew for the first time after declines in the first three quarters of 2021. MOM said the unemployment situation continues to improve, although annual rates remained above pre-pandemic levels. In 2021:The resident unemployment rate dropped to 3.5 per cent from 4.1 per cent in 2020Retrenchments also remained low, as the number of layoffs in 2021 dipped significantly to 7,820 from 26,110 in 2020.
But recovery to a pre-Covid state continues to be uneven across sectors as uncertainty remains over the coronavirus situation, the ministry added.
Wat is the point of job recovery if wages remain stagnant n doesnot commensurate with the ever increasing cost of living. Might as well eat grass.