Minister for Manpower and Second Minister for Trade and Industry, Tan See Leng, shared an update on his Facebook about the unemployment rate in Singapore.
He shared that the figures for February 2022 showed that the unemployment rates are not back at the levels before the pandemic hit.
Here is what he said
I am pleased to report that figures for February 2022 show that unemployment rates are now back at pre-COVID levels. Resident unemployment rate stood at 3.0%, on par with the quarterly average in 2018 and 2019.
Over the past two years, our employers and employees have shown great resilience. Employers are looking beyond conventional ‘plug-and-play’ options for hiring, and employees have been more open to new opportunities and learning new skills. With your efforts, Singapore’s economy will emerge stronger from the COVID-19 pandemic.
The Government will continue to provide support for businesses and workers to succeed in their transformation journeys. Assistance for jobseekers is available through Workforce Singapore (WSG), NTUC’s Employment & Employability Institute, e2i, as well as our SGUnited Jobs and Skills placement partners. As announced at Budget 2022, we have also extended the SGUnited Mid-Career Pathways Programme and the Jobs Growth Incentive to better support our mature and vulnerable workforce segments.
With the recent easing of border restrictions and safe management measures, I am optimistic that our labour market situation will hold steady in the coming months.
Read more about MOM’s monthly unemployment rates releases and other labour market statistics at http://stats.mom.gov.sg
