Must equip Singaporeans with in-demand abilities as uncertainties shake job market: Tan See Leng


Dr Tan stated constructing a powerful economic system is important to create good jobs for Singaporeans. 

Through the years, the nation has recognized promising sectors similar to fintech and synthetic intelligence. 

Singapore can be taking a look at methods to raised help those that are unemployed, however the purpose continues to be to assist as lots of them bounce again right into a job.

Singapore’s labour market continued to enhance within the third quarter of this yr, in line with estimates launched by the Ministry of Manpower (MOM) on Oct 28. 

The nation’s complete employment – excluding migrant home employees – grew by 75,600. 

Nevertheless, unemployment charges and retrenchments additionally rose within the third quarter.

After falling to a six-year low in August this yr, unemployment charges edged up barely in September to 2 per cent total, 2.9 per cent for residents and three.1 per cent for residents. MOM stated that the charges have been throughout the pre-COVID-19 vary.

Whereas retrenchments additionally elevated, the determine was decrease than the pre-pandemic quarterly common.

At a dialogue below the Ahead Singapore initiative on Wednesday, Dr Tan stated: “We are actually wanting very rigorously at the way to present higher help to displaced employees. 

“And we might be managing it within the many weeks forward, the way to construction this rigorously, as a result of this can be a superb balancing act.”

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