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Report: Labour Market Advance Release Third Quarter 2024
Released on:29/10/2024 10:30 AM

​​​​​​​​​​​​​​​​​​​​​​​​Report: Labour Market Advance Release 2022


KEY FINDINGS

Advance estimates indicate an expanding labour market in 3Q 2024, with growth in both resident and non-resident employment, alongside low levels of unemployment and retrenchments. Forward-looking polls showed a decline in hiring and wage expectations for 4Q 2024, reflecting ongoing uncertainty in export-oriented sectors. However, we expect employment to continue increasing in the next quarter, with the labour market remaining tight, supported by anticipated year-end hiring for the festive season. ​ ​

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For more key findings, please refer to the hig​hlights of the report.​

As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an assessment by Ernst and Young Advisory Pte Ltd.​​

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