Singapore resident employment rate edges up but income growth slows: MOM

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Resident employment rate in June edges up from year ago but income growth slows: MOM

SINGAPORE - The resident employment rate was slightly higher in June this year compared to the same month last year despite economic headwinds, according to an advance labour force report on Thursday .

The top five sectors that hired workers were from community, social and personal services, professional services, information and communications, and financial and insurance services. It added that employers might be hiring more cautiously amid uncertainty, with the proportion of residents on fixed-term contracts rising slightly from 7.2 per cent last year to 7.6 per cent this June.

 

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