Singapore employment growth picks up in Q3, but retrenchments continue to rise
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Total employment in Singapore grew during the third quarter. However, retrenchments rose to a level not seen in nearly six years. This trend comes amid economic uncertainty. The findings are based on advance labour market data from the Ministry of Manpower.
Despite total employment growing in Q3, retrenchments in Singapore rose to a nearly six-year high amid economic uncertainty, according to advance labour market data by the Ministry of Manpower.