Minister of Manpower Tan See Leng commented: "This indicates that our labour market is recovering steadily, with the economy rebounding from the recession in 2020 and GDP growing by 7.2% last year."
Singapore's Manpower Research and Statistics Department (MRSD) recently conducted a labour survey for the month of November 2021, revealing more positive results.
Carrying through with prior encouraging figures, the resident1 unemployment rate continued on its downward trend from 3.4% in October 2021 to 3.2% in November 2021. Looking further into the data for citizens, the unemployment rate dropped from 3.6% in October to 3.5% in November. More specifically, there were 76,600 unemployed residents in November 2021, including 70,200 citizens.
Overall, the unemployment rate recorded in November stood at 2.5%, slightly lower than October's 2.6%.
For the purpose of this survey, the term "unemployed persons" refers to persons aged 15 years and over who did not work but were actively looking and available for work during the reference period. This also included persons who were not working but were taking steps to start their own business or taking up a new job after the reference period.
Speaking on the survey, Minister for Manpower Tan See Leng elaborated: "This indicates that our labour market is recovering steadily, with the economy rebounding from the recession in 2020 and GDP growing by 7.2% last year."
He then added that with the increase in the dining out capacity and Vaccinated Travel Lanes (VTLs), and as sectors hit hardest by the pandemic recover, "we expect hiring demand in domestic sectors to pick up with gradual relaxation of community measures".
Ending off the Facebook post, the minister encouraged employers with hiring needs to consider a wider pool of job seekers and invest in topping up the skills of their new hires.
About the survey
The survey covered private households and excludes workers living in construction worksites, dormitories, and workers’ quarters at the workplace, as well as persons commuting from abroad to work in Singapore.
Estimates of the total labour force were derived by combining data on residents obtained from the survey, with non-resident employment data compiled from administrative records.
1 The term “residents” refers to Singapore citizens and permanent residents.