A Singapore Government Agency Website
Advance estimates showed that the Phase 2 (Heightened Alert) measures from 16 May to 13 June 2021 had impacted resident employment growth in 2Q 2021. As the slower pace of resident employment growth was outweighed by the sharper declines in non-resident employment, total employment declined in 2Q 2021. The unemployment and retrenchment indicators did not show up much impact from the tightened measures. Unemployment rates eased further in June 2021, though they remained elevated. Retrenchments increased slightly but stayed within levels observed during the pre-pandemic quarters.
Released on: 30 July 2021