Look Back 2019: No spike in layoffs, as firms remain cautious

Changes to the law were announced to help seniors work longer if they wish and boost their retirement savings through the Central Provident Fund, while slower economic growth failed to have a big impact on the job market.

There were fears that job losses would surge among locals amid the economic slowdown this year but firms largely played it safe by retaining staff and hiring cautiously.

The number of locals in work grew in the first half of the year, and unemployment has not spiked, although the quarterly seasonally adjusted rate for Singaporeans rose slightly in March and September.

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A version of this article appeared in the print edition of The Straits Times on December 30, 2019, with the headline 'Manpower: No spike in layoffs, as firms remain cautious'. Subscribe