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Report: Labour Market First Quarter 2021
Released on:17/6/2021 10:30 AM

​​​Report: ​Labour Market First Quarter 2020


Singapore’s labour market continued to recover from the impact of the COVID-19 pandemic in 1Q 2021.​

1. Total employment expanded after four consecutive quarters of decline. This was supported by resident employment growth, as non-resident employment continued to contract. The decline in non-resident employment partly reflects the restrictions on the inflow of foreign workers due to public health reasons.

2. Unemployment rates continued to ease, while the resident long-term unemployment rate remained unchanged.

3. Retrenchments declined to levels seen in 2018 and 2019, and the re-entry rate among retrenched residents rose.

4. As business activities picked up, the number of employees who were placed on short work-week or temporary layoff continued to decline.

5. The ratio of job vacancies to unemployed persons improved. There was nearly 1 job vacancy for every unemployed person in March 2021, as the number of job vacancies increased.

This edition also carries a box article on Youths in the Labour Market.  In this article, we analyse the employment outcomes of our youths, and compare them with that of youths from other countries.

For more key findings, please refer to the executive summary of the report.​