Growth in Singapore's employment ever since Covid-19

Many of us remember, one year ago Singapore have announced for Circuit Breaker to take place, to curb Covid-19. Many people was affected - from being retrenched, to closure of companies, the downturn of the ever blooming tourism industry and so on... 

One year later, today - Singapore have seen growth in employment for the first time ever since Covid-19 and retrenchments fell for 2nd straight quarters. 

The labour market has continued its recovery from the impact of the Covid-19 pandemic in the first three months of the year, latest manpower estimates showed on Wednesday (April 28).

Total employment grew for the first time since the start of the pandemic in the first quarter of the year, led mostly by the services sectors' hiring of residents.

These services sectors include information and communications, financial services and professional services, which continued to see employment expansion.

Employment in construction also saw a slight rebound, with the contraction in non-resident employment moderating significantly.

Employment in manufacturing continued to contract, but at a slower pace.

Overall, resident employment growth was broad-based, while non-resident employment contracted across all sectors, said the Ministry of Manpower (MOM).

Cited, The Straits Times


Despite the employment rates growing, we should not overlook the fact that many countries are facing the next wave of Covid-19 and we should not take the current growing (employment) situation for granted. Continuous learning and upskilling is still required to ensure that you will not be left behind by the growing technology advancement and digitalization environment which have been pushed forward across all industries ever since the Covid-19 crises.

Speak to us if you are looking into getting yourself trained and ready!

 



Video credit to CNA