Experts fear worst may be yet to come in S'pore job market

Business sentiment seems to have perked up after the circuit breaker.
Business sentiment seems to have perked up after the circuit breaker.PHOTO: LIANHE ZAOBAO

Layoffs, unemployment rate expected to rise further this year amid uncertain outlook

The worst may be yet to come on the employment front, experts said, following the release of preliminary figures yesterday that showed retrenchments more than doubled in the second quarter of the year.

They agreed that the job market has not bottomed out amid the uncertainty of the coronavirus pandemic, but that government measures have gone some way in mitigating the impact.

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A version of this article appeared in the print edition of The Straits Times on July 30, 2020, with the headline 'Experts fear worst may be yet to come in job market'. Print Edition | Subscribe