Story perspectives
Singapore Employment Rises as Finance and Health Thrive
3/19/2025
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Story summary
- Singapore's resident employment increased by 8,800 in 2024, recovering from 2023's decline, fueled by growth in finance and health sectors.
- Unemployment stayed low at 1.9%, though retrenchments rose in Q4, especially within financial services.
- The Ministry of Manpower anticipates ongoing labor market growth in 2025, despite global trade uncertainties.
