But is the labour market as rosy as it seems?
MOM’s latest data showed that unemployment rates have declined to an overall 1.9% (2.7% for resident and 2.8% for citizen) in August 2022. This is the lowest unemployment rate since March 2016.
For Singapore’s labour market, these statistics are hard to beat – unemployment rates are even lower than pre-pandemic levels – and seem to indicate that we are definitely out of the pandemic doldrums. Yet, M...