It breaks down the findings by demographics
Median income of Singaporean employees continued to grow in 2019 but at a slower pace, according to the Ministry of Manpower’s (MOM) latest labour report revealed today (28 Nov).
Incomes grew by 2.2% in 2019. This is much lower compared with 2018, where it grew by 4.4% for full-time employees.
Overall, slightly more Singaporeans were employed in June 2019 versus a year ago. Additionally, unemployment remained low.
“However, the unemployment situation is uneven, affecting non-PMETs more than PMETs,” MOM said. “The increase in the number of employees on fixed-term contracts also suggests cautious hiring.”
Regardless, full-time employees still made up the “vast majority” of the workforce in Singapore, found the report.
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The report also revealed insights by demographics:
- For Singaporeans aged 25 to 64: Employment rate for men “stayed high”, while it “continues to improve” for women
- For those 65 and over: Slightly more workers were hired over the year
- Low-wage workers: Income grew “significantly higher” than the last five years
