SG Ministry of Manpower
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[Sent by MOM - 4 March]

#MOMCOS2024: Singapore’s labour market expanded last year, and resident unemployment remained low. Amid global economic uncertainties, MOM will work hand-in-hand with workers and employers for a brighter future.

Our priorities for this year are centred on three themes: Strengthening you, Uplifting you, and Caring for you.

1️⃣ We will strengthen you by providing stronger support for workers and businesses.
2️⃣ We will uplift you to ensure no one is left behind.
3️⃣ We will care for you by building more progressive and inclusive workplaces.

Swipe to find out more ⬆️

For more information, visit go.gov.sg/MOM-COS2024
[Sent by MOM – 14 March]
 
Our labour market stayed resilient in 2023, despite global economic headwinds and concerns over inflation. Total employment continued to grow, although at a slower pace for both resident and non-residents.
 
Total employment grew for the ninth consecutive quarter

Unemployment rates have stayed stable and low

💼 Although retrenchments increased, they are comparable to pre-pandemic levels. The majority of retrenched workers are able to find a job within six months.

📢 More employers plan to hire or increase wages this year
 
MOM will continue to work with Singaporeans to sustain our economic competitiveness and help workers take on better job opportunities.

Read the full Labour Market Report 4Q 2023 at https://stats.mom.gov.sg
 
If your household has been selected for the Comprehensive Labour Force Survey, here’s why you should participate. Your feedback is important, and it will help us shape better policies for our workforce.

For more details, visit: go.gov.sg/MOM-Surveys
[Sent by MOM – 25 March]

Our labour market has remained tight, as vacancies continue to outnumber jobseekers.

Among the vacancies, newly created positions saw an increase in 2023, with the majority arising from business expansion and restructuring.

💼 The proportion of vacancies for PMETs rose further in 2023, mainly in sectors such as Information & Communications, Financial & Insurance Services, Professional Services, and Health & Social Services.

Employers also expressed greater willingness to consider applicants’ relevant experience and skillsets, besides academic qualifications.

We will continue to support employers to upskill and reskill their workers for new roles, as well as to adopt skills-based hiring as our economy continues to evolve with new opportunities.

Read the latest Job Vacancies Report here: go.gov.sg/jobvacancies2023
[Sent by MOM – 27 March]
 
In 2023, the workplace fatal and major injury rates were at a record low, matching best in class standards.

This reflects the joint efforts of businesses, industry associations, workers, unions, and the Government to strengthen workplace safety ownership and culture.

Let’s continue to sustain this standard, and make Singapore a safer workplace for all!