ST: The Big Story, 28 Oct - Singapore’s job market shows signs of ‘slowing momentum’ as retrenchment rises

Your Way Home with Hongbin Jeong · Oct 28, 2022 · 4m

Employment continued to rise in the third quarter but Singapore’s job market recovery showed signs of a “slowing momentum”, the Ministry of Manpower said on Friday, as retrenchments swung up and the unemployment rate climbed. In advance estimates for the quarter, MOM said total employment – excluding migrant domestic workers – rose 75,600 from the previous quarter. But there was a “slight uptick” in unemployment rates and an increase in retrenchments, though both indicators were still on a par with or below pre-Covid-19 levels.In The Straits Times’ The Big Story, Multimedia Cheow Sue-Ann…