Local employment contracted by 62,700 in 1H 2020, mainly as more locals (170,200) exited employment compared to a year ago (128,700). Food & Beverages Services saw the largest increase in number of locals exiting employment over the year, as the industry was affected by social distancing measures implemented in 2Q 2020 as a result of COVID-19.
Foreign employment also shrank (-66,400) in 1H 2020 as foreign entries into employment reached a record low (68,800) while foreign exits (135,200) were comparable to a year ago (140,400). Most of the decline in foreign entries were in Construction as construction activities were put on hold for a large part of 1H 2020, amidst the COVID-19 outbreak. Broad-based declines in foreign entries were also observed in the remaining industries.
For more information on the concepts and definition of entries and exits data, please refer to the Technical Note on Entries and Exits in Local Employment.
Released on: 14 September 2020
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