unemployment

Singapore’s labour market is reeling from the effects of the Covid-19 health-turned-economic crisis, as total employment plummeted by 121,800 in June 2020. This more than four times the 25,600 contraction registered in March, according to preliminary nu

The economic and health crisis brought about by the Covid-19 pandemic will have quite some ways to go. “We are not at the beginning of the end,” says Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

The decline in Singapore’s total employment is the sharpest contraction since the 2003 SARS pandemic

SINGAPORE (June 3): Policy measures undertaken by governments and central banks may not have their desired effect to mitigate the economic impact of the novel coronavirus (Covid-19) pandemic, warns BNP Paribas.

What's the Covid-19 situation like in Singapore now? Along with other news you don't want to miss this week.

“Notwithstanding the government’s support measures, some firms affected by the fallout from Covid-19 may still have to undertake labour cost adjustment measures such as putting workers on shorter work weeks or no-pay leave,” says MAS

MOM expects the wage support measures announced under the three Budgets this year to cushion the extent of job losses.

As countries impose lockdowns and people lose jobs, sustaining those sectors that can function online has never been more important for a global economy facing one of its darkest periods since the Great Depression.

SINGAPORE (20 Dec) : Singapore’s labour market came under some pressure earlier this year, as the slowing economy saw hiring sentiment turning more cautious across industries. In its most recent Labour Market Report for 3Q2019 ended Sept 30, the Ministr

SINGAPORE (July 1): The labour market in Singapore has typically been tight. Over the last four decades, the city state had an average unemployment rate of 2.43%. It did reach an all-time high of 6% in ­early 1986 as Singapore faced its first recession p