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Rebound in resident employment as Singapore labor market expands in Q3

After a previous drop, resident employment rose again as Singapore’s labour market continued to expand in the third quarter of 2024, according to the Ministry of Manpower’s (MOM) latest report released on December 9. This increase comes amid an overall expansion in employment, driven largely by non-residents. Total employment grew by 22,300 in the third quarter, nearly double what was recorded in the preceding quarter, MOM data showed. Resident employment grew by 4,000 – this had fallen by 600 in Q2 – while non-resident employment increased by 18,200. “Resident employment continued to grow in outward oriented sectors such as information and communications, professional services and financial services, due in part to employment shifts from domestic-oriented sectors such as retail trade, and food and beverage services,” said MOM. Non-resident employment was primarily driven by the growth of work permit holders in construction and manufacturing. ‘There are generally not enough resident workers…...

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10 Dec 2024

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Concord Review is owned and operated by PT Concord Consulting Indonesia (“Provider”). Please read these Terms of Use (the “Terms”) carefully before using Concord Review. By accessing or using Concord Review in any way, including without limitation, browsing the website using any information emailed, text-messaged or on the website, and/or subscribing to the online service; you agree to and are bound by the terms, conditions, policies and notices contained in these “Terms.”

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In no event shall Provider be liable for any indirect, incidental, special, punitive, increased or consequential damages, loss of profits, revenue, data, goodwill or use, incurred by you or any third party, whether in an action in contract or tort (including negligence and strict liability), arising from your access to or inability to access, or use of, this site or any services provided in connection with this site, even if Concord Review has been advised of the possibility of such damages.

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You agree that any claim or cause of action arising out of the use of Concord Review or these Terms must be filed within one year after such claim or cause of action arose or it shall forever be barred, notwithstanding any statute of limitations or other law to the contrary. Within this period, any failure by Provider to enforce or exercise any provision of these Terms or related right shall not constitute a waiver of that right or provision.

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17. GENERAL

If any provision in these Terms is found by a court or arbitrator to be invalid, the parties agree that the court or arbitrator should give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms will remain in full force and effect. Provider’s failure to act with respect to a breach by any visitor using Concord Review does not constitute a waiver of its right to act with respect to subsequent or similar breaches.

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