Singapore registers lowest labour force growth in 2016 in over a decade as layoffs continue to rise

SINGAPORE (Jan 26): Preliminary estimates from the Ministry of Manpower’s (MOM’s) latest Labour Market Advance Release have indicated that 2016 was once again a year of increased layoffs and redundancies among Singapore’s residents and citizens as the republic’s economy slowed, as did its total employment and income growth rates.

For the full year, the annual average unemployment rate was at its highest since 2010 for overall (2.1% from 1.9% in 2015), residents (3% from 2.8%), and citizens (3.1% from 2.9%) – rising across the board for most age and education groups.

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