Retrenchments, unemployment in S’pore up in Q3 but job market continues to expand: MO

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Retrenchments, unemployment in S’pore up in Q3 but job market continues to expand: MO

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26-10-2023, 07:40 PM

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Retrenchments, unemployment in S’pore up in Q3 but job market continues to expand: MO

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Retrenchments, unemployment in S’pore up in Q3 but job market continues to expand: MOM

SINGAPORE – The number of retrenchments and unemployed residents in Singapore rose in the third quarter of 2023 as a weaker economic outlook dragged down sectors such as wholesale trade.

But the labour market continued to expand for the eighth straight quarter, with increases for both residents and non-residents.

And, while unemployment rates remained low, the Ministry of Manpower (MOM) cautioned on...

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