Infographic: Labour Market Fourth Quarter 2022

A Singapore Government Agency Website

Official website links end with .gov.sg

Government agencies communicate via .gov.sg websites (e.g. go.gov.sg/open).Trusted websites

Secure websites use HTTPS

Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.

The labour market performed well in 2022. Going forward, the projected slowdown in economic growth in 2023 may translate into a moderation of labour demand and a slow-down in labour market momentum.

Total employment grew by an unprecedented 227,800. Consequently, total employment has recovered to 2.9% above pre-pandemic level in 2019. Non-resident employment level stood at 99.2% of the 2019 level, while resident employment level rose to 4.8% above the 2019 level.
The unemployment rates (overall: 2.0%, resident: 2.8%, citizen: 2.9%) and resident long-term unemployment rate (0.6%) remained low in December 2022.
Retrenchments, which doubled over the quarter to 2,990 in 4Q 2022, were mostly from Electronics Manufacturing, Wholesale Trade and Information & Communications, which are outward-oriented sectors facing global headwinds.
The number of job vacancies in December 2022 (104,500) declined for the third consecutive quarter but remained elevated compared to pre-pandemic periods.

For more information, please refer to the full Labour Market 2022 report.

The infographic is best viewed using Adobe Reader for IOS devices.