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https://www.mom.gov.sg/newsroom/press-releases/2022/0428-labour-market-advance-release-q1-2022
Submission: On August 28 via api from SG — Scanned from DE
Submission: On August 28 via api from SG — Scanned from DE
Form analysis 1 forms found in the DOM
POST /newsroom/press-releases/2022/0428-labour-market-advance-release-q1-2022
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<h1> Labour Market Advance Release First Quarter 2022 </h1>
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<time datetime="28-4-2022">28 April 2022</time>
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<p class="BodyA"><strong><span style="line-height: 115%; color: windowtext;">Overview</span></strong></p>
<p class="BodyA"><span style="line-height: 115%; color: windowtext;">1. </span><span style="line-height: 115%; color: windowtext;">Advance estimates for employment, unemployment, and retrenchments in 1Q 2022 indicate a continuation
of the strong recovery momentum from the previous quarter. Total employment rose, with non-resident employment growth picking up pace and forming the bulk of the increase – mainly work permit holders in the <em>Construction</em>
sector – amid the re-opening of our borders.</span><span style="line-height: 115%; color: windowtext;"> The resident unemployment situation, which is comparable to pre-COVID, held steady. Retrenchments also declined to a record
low</span><span style="line-height: 115%; color: windowtext;">.</span></p>
<p><strong><span style="line-height: 115%; color: windowtext;">Main Findings<sup>1</sup> </span></strong></p>
<p><strong><em><span style="line-height: 115%; color: windowtext;">Total employment continued to expand in 1Q 2022 with increases in both resident and non-resident employment</span></em></strong></p>
<p><span style="line-height: 115%; color: windowtext;">2. </span><span style="color: windowtext;">In 1Q 2022, total employment (excluding Migrant Domestic Workers, or <abbr class="glossarizer_replaced"
title="Migrant domestic workers" tabindex="0">MDWs</abbr>) </span><span style="line-height: 115%; color: windowtext;">expanded by 41,100. This was slightly lower compared to 4Q 2021 (47,900) but remains a robust pace of
growth. With the progressive lifting of border restrictions, the increase in non-resident employment was significantly greater than that of resident employment, as employers replenished their non-resident
workforce<sup>2</sup></span><span style="line-height: 115%; color: windowtext;">. </span></p>
<p><span style="line-height: 115%; color: windowtext;">3. </span><span style="line-height: 115%;">Resident employment trends were mixed across sectors. Outward-oriented sectors such as <em>Information & Communications</em>
and <em>Financial Services</em> continued to see steady resident employment growth. The former was driven by strong demand for IT and digital solutions, while the latter was in part driven by activities linked to financial
services, such as security dealing and payments processing</span><sup>3</sup><span style="line-height: 115%;">. In contrast, resident employment declined in sectors such as <em>Food & Beverages Services</em>, <em>Retail
Trade</em>, and <em>Accommodation</em>. These sectors typically experience employment declines following seasonal hiring for the year-end festive period in the fourth quarter.</span></p>
<p>4. For non-resident employment, the bulk of the increase was observed for work permit holders in the <em>Construction</em> sector. In all other sectors, non-resident employment was stable or only saw slight increases.</p>
<p><strong><em><span style="letter-spacing: -0.4pt; line-height: 115%; color: windowtext;">The unemployment situation held steady in March, after returning to pre-COVID levels<sup>4</sup> in February</span></em></strong></p>
<p><span style="line-height: 115%; color: windowtext;">5. </span><span style="color: windowtext;">In March 2022, the resident and citizen unemployment rates remained unchanged from February 2022, at 3.0% and 3.2% respectively.
The overall unemployment rate edged up slightly from 2.1% to 2.2%, which is comparable to pre-COVID rates. </span></p>
<p class="BodyA"><strong><em><span style="letter-spacing: -0.4pt; line-height: 115%; color: windowtext;">Retrenchments are expected to remain low </span></em></strong></p>
<p class="BodyA"><span style="letter-spacing: -0.533333px; color: #000000;">6. </span>Retrenchments fell to a record low (1,300 or 0.6 retrenched per 1,000 employees) amid a tight labour market. Employers attributed most of the
retrenchments to ‘reorganisation’ or ‘restructuring’.</p>
<p><strong><span>Conclusion</span></strong></p>
<p><span style="line-height: 115%;">7. </span><span style="line-height: 115%;">In the coming months, we expect </span><span style="line-height: 115%; color: windowtext;">non-resident employment to continue to recover, given the
significant relaxation of border measures from April 2022. This will alleviate some of the tightness in </span><span style="line-height: 115%;">the labour market. As economic recovery continues to drive demand for workers, we
expect the resident unemployment rate to stay low, and resident employment to continue to grow modestly. Nevertheless, downside risks to economic growth have increased due to the global economic uncertainty arising from the
Russia-Ukraine conflict, protracted global supply disruptions driven largely by the conflict and the ongoing pandemic, monetary policy tightening in advanced economies, and continued uncertainty over the trajectory of the
pandemic. These factors could affect business sentiments and profitability, and in turn, labour demand. </span></p>
<p style="margin-left: 0cm; text-align: justify; line-height: 115%;"><span>8. </span><span style="text-align: left;">We encourage employers and workers to make full use of Government programmes to seize new opportunities amidst the
recovery. </span></p>
<p><span>a. The Jobs Growth Incentive (<abbr class="glossarizer_replaced" title="Jobs Growth Incentive" tabindex="0">JGI</abbr>) </span><span>provides salary support for eligible employers to expand local hiring. It </span><span>has
supported close to 600,000 local hires by 74,000 firms between September 2020 and November 2021. We have extended the JGI to September 2022, covering mature hires who have not been in work for at least six months, persons with
disabilities, and ex-offenders. Eligible employers can receive up to $21,600 per hire over a 12-month period.</span></p>
<p><span>b. The SGUnited Mid-Career Pathways Programme (SGUP) offers attachment opportunities for mid-career jobseekers. From its launch until January 2022, more than 7,200 locals have been placed into attachments, each receiving up
to $3,800 in training allowance. This allows employers to better assess the job-fit of mature jobseekers, while providing them with training and industry experience. </span></p>
<p><span>c. Employers can tap on the Support for Job Redesign under Productivity Solutions Grant to improve job quality and attractiveness to workers. Workforce Singapore (<abbr class="glossarizer_replaced"
title="Workforce Singapore" tabindex="0">WSG</abbr>) also offers Job Redesign Reskilling Programmes to support employers in upskilling existing employees to take on enhanced job roles.</span></p>
<p><span>d. Jobseekers who require career matching services, including those in short-term COVID roles looking for full-time opportunities, can approach Workforce Singapore (WSG) and <abbr class="glossarizer_replaced"
title="National Trades Union Congress" tabindex="0">NTUC</abbr>’s Employment and Employability Institute.</span></p>
<p><span>9. The Labour Market Report 1Q 2022, due for release in mid-June 2022, will provide more details – including the breakdown of resident and non-resident employment</span><sup>5</sup><span>, sectoral breakdowns, number of job
vacancies, labour turnover, and re-entry rates among retrenched residents – to give a fuller picture. For more information on the trends and figures pertaining to total employment change, unemployment rates, and quarterly
retrenchments, please refer to the Annex below.</span></p>
<p><strong><span>For More Information</span></strong></p>
<p><span>10. </span><span style="color: windowtext;">The report is available online on the Ministry of Manpower’s Research and Statistics Department website at
</span><a href="https://stats.mom.gov.sg/">https://stats.mom.gov.sg/</a><span style="color: windowtext;">.</span></p>
<p><span>11. </span>For data requests and queries pertaining to the report, please reach out to the Ministry of Manpower’s Research and Statistics Department at <a href="mailto:mom_rsd@mom.gov.sg">mom_rsd@mom.gov.sg</a>.</p>
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<h2 class="text-subtitle">FOOTNOTE</h2>
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<li id="footnote-1">1Q 2022 data are preliminary. </li>
<li id="footnote-2">Based on latest data published by the Department, as of December 2021, non-resident employment was still about 18% below its pre-pandemic level in December 2019, while resident employment was 3.7% above. Updated
figures comparing March 2022 with December 2019 will be published in the Labour Market Report 1Q 2022. </li>
<li id="footnote-3">Source: <abbr class="glossarizer_replaced" title="Ministry of Trade and Industry" tabindex="0">MTI</abbr>
</li>
<li id="footnote-4">Pre-COVID rates are determined by using the average of the seasonally adjusted unemployment figures obtained at quarterly intervals in 2018 and 2019. The quarterly average unemployment rates in 2018 / 2019 were
2.2% at the overall, 3.0% among residents, and 3.2% among citizens. </li>
<li id="footnote-5">As per the Department’s usual practice, resident and non-resident quarterly employment change figures will not be released for the Labour Market Advance Release as numbers are preliminary.</li>
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PH pay, COMPASS, Primary Care Plan, myMOM Portal, paying salary, annual leave
LABOUR MARKET ADVANCE RELEASE FIRST QUARTER 2022
28 April 2022 Statistics and publications
Overview
1. Advance estimates for employment, unemployment, and retrenchments in 1Q 2022
indicate a continuation of the strong recovery momentum from the previous
quarter. Total employment rose, with non-resident employment growth picking up
pace and forming the bulk of the increase – mainly work permit holders in the
Construction sector – amid the re-opening of our borders. The resident
unemployment situation, which is comparable to pre-COVID, held steady.
Retrenchments also declined to a record low.
Main Findings1
Total employment continued to expand in 1Q 2022 with increases in both resident
and non-resident employment
2. In 1Q 2022, total employment (excluding Migrant Domestic Workers, or
MDWs) expanded by 41,100. This was slightly lower compared to 4Q 2021 (47,900)
but remains a robust pace of growth. With the progressive lifting of border
restrictions, the increase in non-resident employment was significantly greater
than that of resident employment, as employers replenished their non-resident
workforce2.
3. Resident employment trends were mixed across sectors. Outward-oriented
sectors such as Information & Communications and Financial Services continued to
see steady resident employment growth. The former was driven by strong demand
for IT and digital solutions, while the latter was in part driven by activities
linked to financial services, such as security dealing and payments
processing3. In contrast, resident employment declined in sectors such as Food
& Beverages Services, Retail Trade, and Accommodation. These sectors typically
experience employment declines following seasonal hiring for the year-end
festive period in the fourth quarter.
4. For non-resident employment, the bulk of the increase was observed for work
permit holders in the Construction sector. In all other sectors, non-resident
employment was stable or only saw slight increases.
The unemployment situation held steady in March, after returning to pre-COVID
levels4 in February
5. In March 2022, the resident and citizen unemployment rates remained unchanged
from February 2022, at 3.0% and 3.2% respectively. The overall unemployment
rate edged up slightly from 2.1% to 2.2%, which is comparable to pre-COVID
rates.
Retrenchments are expected to remain low
6. Retrenchments fell to a record low (1,300 or 0.6 retrenched per 1,000
employees) amid a tight labour market. Employers attributed most of the
retrenchments to ‘reorganisation’ or ‘restructuring’.
Conclusion
7. In the coming months, we expect non-resident employment to continue to
recover, given the significant relaxation of border measures from April 2022.
This will alleviate some of the tightness in the labour market. As economic
recovery continues to drive demand for workers, we expect the resident
unemployment rate to stay low, and resident employment to continue to grow
modestly. Nevertheless, downside risks to economic growth have increased due to
the global economic uncertainty arising from the Russia-Ukraine conflict,
protracted global supply disruptions driven largely by the conflict and the
ongoing pandemic, monetary policy tightening in advanced economies, and
continued uncertainty over the trajectory of the pandemic. These factors could
affect business sentiments and profitability, and in turn, labour demand.
8. We encourage employers and workers to make full use of Government programmes
to seize new opportunities amidst the recovery.
a. The Jobs Growth Incentive (JGI) provides salary support for eligible
employers to expand local hiring. It has supported close to 600,000 local hires
by 74,000 firms between September 2020 and November 2021. We have extended the
JGI to September 2022, covering mature hires who have not been in work for at
least six months, persons with disabilities, and ex-offenders. Eligible
employers can receive up to $21,600 per hire over a 12-month period.
b. The SGUnited Mid-Career Pathways Programme (SGUP) offers attachment
opportunities for mid-career jobseekers. From its launch until January 2022,
more than 7,200 locals have been placed into attachments, each receiving up to
$3,800 in training allowance. This allows employers to better assess the
job-fit of mature jobseekers, while providing them with training and industry
experience.
c. Employers can tap on the Support for Job Redesign under Productivity
Solutions Grant to improve job quality and attractiveness to workers. Workforce
Singapore (WSG) also offers Job Redesign Reskilling Programmes to support
employers in upskilling existing employees to take on enhanced job roles.
d. Jobseekers who require career matching services, including those in
short-term COVID roles looking for full-time opportunities, can approach
Workforce Singapore (WSG) and NTUC’s Employment and Employability Institute.
9. The Labour Market Report 1Q 2022, due for release in mid-June 2022, will
provide more details – including the breakdown of resident and non-resident
employment5, sectoral breakdowns, number of job vacancies, labour turnover, and
re-entry rates among retrenched residents – to give a fuller picture. For more
information on the trends and figures pertaining to total employment change,
unemployment rates, and quarterly retrenchments, please refer to the Annex
below.
For More Information
10. The report is available online on the Ministry of Manpower’s Research and
Statistics Department website at https://stats.mom.gov.sg/.
11. For data requests and queries pertaining to the report, please reach out to
the Ministry of Manpower’s Research and Statistics Department at
mom_rsd@mom.gov.sg.
FOOTNOTE
1. 1Q 2022 data are preliminary.
2. Based on latest data published by the Department, as of December 2021,
non-resident employment was still about 18% below its pre-pandemic level in
December 2019, while resident employment was 3.7% above. Updated figures
comparing March 2022 with December 2019 will be published in the Labour
Market Report 1Q 2022.
3. Source: MTI
4. Pre-COVID rates are determined by using the average of the seasonally
adjusted unemployment figures obtained at quarterly intervals in 2018 and
2019. The quarterly average unemployment rates in 2018 / 2019 were 2.2% at
the overall, 3.0% among residents, and 3.2% among citizens.
5. As per the Department’s usual practice, resident and non-resident quarterly
employment change figures will not be released for the Labour Market Advance
Release as numbers are preliminary.
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Last Updated: 28 April 2022
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