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Singapore labour market
Labour market
Total wage growth moderates to 5.2% in 2023; real wages up by 0.4%
Looking ahead, MOM expects the nominal wage growth in 2024 to remain similar to that of 2023.
June 25, 2024
Global Economy
Briefs: Fed prepares to shift to rate cuts in 2024; Singapore retrenchments increase in 3Q2023
"Instead of doing anything to help make Americans’ lives better, they are focused on attacking me with lies." - Joe Biden
December 15, 2023
Labour market
Singapore's Lawrence Wong flags ‘structural decline’ without migrant workers
As a small, open economy, Singapore relies on foreign workers to help meet its labour needs.
August 14, 2023
Labour market
Singapore’s total employment expands for sixth straight quarter, now 3.8% above pre-pandemic level: MOM
The number of jobs available in the market fell for the fourth straight quarter to 99,600 in March this year.
June 15, 2023
Global Economy
One in three people in Asean and Hong Kong looking for new jobs; 2023 remains a 'jobseekers' market'
A new study by JobStreet and BCG found that 70% of talent in Asean and Hong Kong believe they have 'strong negotiation power'.
March 06, 2023
Budget 2023
Budget 2023: Singapore raises Progressive Wage Credit Scheme by $2.4 bil, enhances labour market support
This is part of a range of measures announced by Wong to help lower wage workers achieve better career progression and wages.
February 14, 2023
Labour market
Singapore unveils long-term work visas to end talent crunch
The new rules will allow foreigners earning a minimum $30,000 per month to secure a five-year work pass.
August 29, 2022
Labour market
Non-resident worker inflows expected to recover: MOM
Job vacancies have increased to a new high of 128,100 during the 1Q2022, according to figures released by the ministry on June 17.
June 17, 2022
Labour market
Number of jobs in Singapore up by 21% y-o-y in 3Q2021: Michael Page Singapore
Opportunities were seen in: engineering & manufacturing, digital and technology
November 03, 2021
Labour market
Singapore labour market improves in 1Q21, but unemployment rate still higher than pre-pandemic levels
Singapore’s 1Q2021 total employment grew for the first in four consecutive quarters.
June 17, 2021