Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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86 February, 2021 Singapore Total Workforce (000s) Dec' 20 3,717 Unemployed Workers (000s) 119 Unemployment Rate 3.2% Youth Unemployment Rate 11.5% 752 2,141 434 233 1,944 347 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 2,280 2,301 2,328 2,357 2,366 1,393 1,368 1,386 1,427 1,232 2016 2017 2018 2019 2020 Resident Employed Non Resident Employed 76.2% 76.0% 75.6% 75.4% 75.4% 60.4% 59.8% 60.2% 61.1% 61.2% 2016 2017 2018 2019 2020 Male Participation Female Participation 43.1% of the population is foreign born. Almost 350K Singaporeans have emigrated. 90% of Covid-19 infections in the first wave in Singapore were among low-income migrant workers. Singapore has moved workers into better accommodation and will work to improve living conditions in the future. 300K laborers are mainly from Bangladesh, India and China. 195K non residents lost their jobs during 2020. 29 Covid-19 deaths. Singapore's borders are closed with a few limited exceptions in place. If travel is permitted, a negative test and quarantine is required. Arrivals from the UK and South Africa are banned. Non-essential shops are open with social distancing measures. Schools are open. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender - Resident Population Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed By Residence Status Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands June Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://www.forbes.com/sites/oliverwilliams1/2020/08/28/expat-broke-and-remote-why-foreign-workers-are- coming-home/?sh=4afd5a26319f https://www.reuters.com/article/us-health-coronavirus-singapore-trfn/singapore-calls-for-mindset-change-as- migrant-workers-are-rehoused-idUSKBN23H1EO https://stats.mom.gov.sg/

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