SINGAPORE: Total employment rebounded in 2021, with unemployment rates dipping to near pre-COVID-19 levels, the Ministry of Manpower said in its 2021 Labour Market Report released on Monday .
The annual average unemployment rate fell from 3 per cent to 2.7 per cent, with resident unemployment rate decreasing from 4.1 per cent to 3.5 per cent. However, it fell moderately in Accommodation, Air Transport & Supporting Services, and Arts, Entertainment & Recreation, due to tight travel restrictions for the most part of the year.With the gradual easing of border restrictions, non-resident employment increased in the fourth quarter of 2021 for the first time in two years.
By industry, non-resident employment declined in all sectors, except for construction, which was boosted by the increase in the final quarter of 2021 as border restrictions eased, said MOM.