Rise in job openings signals recovery in labour market

 The Manpower Ministry's figures showed fewer workers were retrenched in the first half of this year, and that more local residents were working.
The Manpower Ministry's figures showed fewer workers were retrenched in the first half of this year, and that more local residents were working.ST PHOTO: JAMIE KOH

Signs are pointing to a recovery in Singapore's labour market, with the Manpower Ministry seeing job openings in such sectors as finance and insurance, healthcare and wholesale trade.

The ministry's figures released yesterday showed fewer workers were retrenched in the first half of this year, and that more local residents were working.

This was a turnaround from falling local employment in the first half of both 2015 and last year.

As the unemployment rate for citizens dipped from 3.5 per cent in March this year to 3.3 per cent in June, the number of job openings in the same period rose to 49,000.

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A version of this article appeared in the print edition of The Straits Times on September 15, 2017, with the headline 'Rise in job openings signals recovery in labour market'. Print Edition | Subscribe