over 1 year ago - Gwen Lau Quet Eng

Singapore’s Labor Market Is Showing Strain as Economy Slows (Bloomberg)


Singapore’s resilient labor market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some recovery in the economy in upcoming quarters, there are signs the employment outlook may continue to deteriorate.