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Singapore's sharpest fall in employment in more than 20 years borne
by non-resident workers: MOM



Singapore recorded its เล่นสล็อตตาละ 1 GP ก็ลุ้นแจ็กพอตได้ sharpest fall in total employment in more
than two decades in 2020, with non-resident workers accounting for all of the employment decline,
said the Ministry of Manpower (MOM) on Tuesday (Mar 16).

Total employment, excluding foreign domestic workers, contracted by 166,600 last year, according
to the Labour Market Report 2020 released on Tuesday. The number of employed non-residents fell
by 181,500 last year.

Resident – Singaporeans and permanent residents – employment grew by 14,900, and rebounded
to “slightly above pre-COVID levels” as a result of improvements in the second half of the year.

“I think in the forthcoming months, we see that the economy has turned the corner, the job market
has turned the corner, but I think it is wise for us to keep in mind that the risk factors do remain,”
said Manpower Minister Josephine Teo, commenting on the Labour Market Report after a visit to
Giant Hypermart in Tampines.

Unemployment rates have fallen since November and have continued to fall in December and
January this year, she added.The number of workers on short work-weeks or temporary lay-offs
continued to fall, from 34,240 in the third quarter of 2020 to 8,710 in the fourth quarter,
according to the report.

Elaborating on the risk factors, Mrs Teo said that borders are still not reopening significantly
and that will weigh on an externally connected economy like Singapore’s.

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