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."

Philippines Philippines Latest News, Philippines Philippines Headlines

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

Unemployment rates fall to near pre-COVID-19 levels, job market recovery to extend in 2022: MOMSINGAPORE: Total employment rebounded in 2021, with unemployment rates dipping to near pre-COVID-19 levels, the Ministry of Manpower (MOM) said in its 2021 Labour Market Report released on Monday (Mar 14). The labour market recovery is expected to continue this year, with economic growth gaining momen
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Unemployment rates fall to near pre-COVID-19 levels, job market recovery to extend in 2022: MOMSINGAPORE: Total employment rebounded in 2021, with unemployment rates dipping to near pre-COVID-19 levels, the Ministry of Manpower (MOM) said in its 2021 Labour Market Report released on Monday (Mar 14). The labour market recovery is expected to continue this year, with economic growth gaining momen
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »