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Singapore sees larger employment gains in Q2

SINGAPORE, Sept. 17 (Xinhua) -- Singapore's labor market remained resilient in the second quarter, with total employment rising by 10,400 to 3,757,300, compared with an increase of 2,300 in the first quarter, the Ministry of Manpower said Wednesday.

Employment of Singapore citizens and permanent residents rose by 2,600, led by financial and insurance services as well as health and social services, reflecting steady demand in these areas, the ministry said in its quarterly report.

Non-resident employment grew by 7,800, mainly in roles such as construction laborers and drivers, which the report noted were "less likely to attract resident applicants."

Overall recruitment and resignation rates in the second quarter remained low compared with historical averages. In growth sectors such as professional services, information and communications, and financial services, however, both recruitment and resignation rates increased, reflecting greater movement of employees in and out of these industries.

"Looking ahead, global uncertainty is expected to weigh on hiring and wages. Labor market adjustments are expected to come mainly through slower hiring and moderated wage growth, while retrenchments may rise modestly but remain low," the ministry said.

The employment figures in the report exclude migrant domestic workers, it noted.

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