Singapore’s Foreign Worker Numbers Dip First Time in 10 Quarters

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Singapore’s Foreign Worker Numbers Dip First Time in 10 Quarters

Bloomberg04-30

Non-resident employment declined mainly in constructionMinistry cites polls showing higher hiring plans by companiesThe number of foreign workers in Singapore fell for the first time in more than two ...

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JimmyChua
·04-30
Elections coming
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Meantime, applications from foreigners for higher-skilled employment passes have picked up in line with improved business expectations, the report said Tuesday.</p><p style=\"text-align: start;\">The contraction in non-resident employment notwithstanding, overall employment in the city-state grew by 4,900 in the first quarter — notching the 10th straight month of expansion — although gains slowed from 7,500 in the prior quarter. Retrenchments fell to 3,000 from 3,460 in the previous three-month period.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/77fa9778dfa95d89a043e3915fab746d\" tg-width=\"947\" tg-height=\"592\"/></p><p>Singapore, which sees its economy expanding 1%-3% this year, expects labor demand to correspondingly strengthen, with the ministry citing surveys showing more companies have intentions to hire in the next three months.</p><p>Total unemployment edged up slightly to 2.1% in March, with the jobless rate among citizens and long-term residents inching up to 3% and 3.1%, respectively.</p><p style=\"text-align: start;\">The higher jobless rate last quarter wasn’t unexpected, the ministry said, as higher retrenchments in the second half of 2023 foreshadowed the data.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Foreign Worker Numbers Dip First Time in 10 Quarters</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s Foreign Worker Numbers Dip First Time in 10 Quarters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-30 13:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-30/singapore-s-expat-worker-numbers-drop-first-time-in-10-quarters?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Non-resident employment declined mainly in constructionMinistry cites polls showing higher hiring plans by companiesThe number of foreign workers in Singapore fell for the first time in more than two ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-30/singapore-s-expat-worker-numbers-drop-first-time-in-10-quarters?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-04-30/singapore-s-expat-worker-numbers-drop-first-time-in-10-quarters?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181590815","content_text":"Non-resident employment declined mainly in constructionMinistry cites polls showing higher hiring plans by companiesThe number of foreign workers in Singapore fell for the first time in more than two years, largely driven by a slump in construction jobs as builders complied with rules requiring reduced dependency on non-residents.Decline in non-resident employment was also seen in areas like manufacturing as well as information and communications, according to the ’s labor market advance release for the first quarter of 2024. Meantime, applications from foreigners for higher-skilled employment passes have picked up in line with improved business expectations, the report said Tuesday.The contraction in non-resident employment notwithstanding, overall employment in the city-state grew by 4,900 in the first quarter — notching the 10th straight month of expansion — although gains slowed from 7,500 in the prior quarter. 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