Advance estimates indicate continued recovery of the labour market in 2Q 2022. Total employment increased further, and more robustly than the previous quarter. Residents continued ​to secure jobs, especially in growth sectors such as Information & Communications, Professional Services, and Financial Services. Non-resident employment saw substantial growth, mainly in Construction and Manufacturing, following the significant relaxation of border restrictions from April this year. More non-residents found employment in 2Q 2022, as compared to the previous quarter. Unemployment rates remained at pre-COVID levels while retrenchments declined further. Going forward, we expect non-resident employment to continue to make up a higher ​proportion of total employment growth as it catches up to its pre-COVID level. Resident employment, having surpassed pre-COVID levels by around 4% since December 2021, could see relatively lower growth as the readily available resident labour supply shrinks with the improving unemployment situation.