SINGAPORE - Singapore's job market continued its recovery in the second quarter of this year but global headwinds, such as rising inflation, theand a resurgence of Covid-19 infections in major economies including China, may dampen labour demand.
For the second quarter, total employment - excluding migrant domestic workers - expanded by 64,400 or 1.9 per cent.Non-residents, particularly in construction and manufacturing, drove the increase as employers in these sectors hired to fill a backlog of vacancies and meet rising demand after border restrictions were eased further since April, said MOM.
The services sector accounted for the bulk of the retrenchments with about 700 workers laid off, followed by 200 in manufacturing and 100 in construction.