SINGAPORE, June 17 — For the second straight quarter, about two in three retrenched residents picked up a new job in the January-to-March period, bringing this rate to levels last seen in 2018 and 2019, data from the Ministry of Manpower showed.
The ratio of job vacancies to unemployed persons improved to 0.96 for every unemployed person in March this year, an increase from a ratio of 0.75 seen last December.That pre-Covid period saw the ratio of job vacancies to unemployed persons ranging from 0.82 to 1.09. “However, our path to recovery will not be a straight road. We will be met with some twists and potential roadblocks,” Dr Tan said.
Still, records from the past six months have shown that citizens who have lost their jobs have been able to re-enter the workforce within a period of half a year, he added.
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