[Sent by MOM - 31 January] Advance estimates from the Labour | SG Ministry of Manpower

[Sent by MOM - 31 January]

Advance estimates from the Labour Market Advance Release 2022 published today show that the labour market has improved significantly for the whole of 2022 compared to 2021. Key observations include:
Total employment expanded for the fifth consecutive quarter and surpassed its pre-pandemic level by 3.0%
Unemployment rates remained low, below pre-pandemic levels
Retrenchments rose from previous quarters’ lows but remained comparable to pre-pandemic levels

Read the latest Labour Market Report here: https://stats.mom.gov.sg/Pages/Labour-Market-Advance-Release-4Q-2022.aspx