Market Intelligence Reports

Global Market Report Q2 2023

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ManpowerGroup Talent Solutions: Global QMR Q2 2023 | 76 Singapore 5 4 years 5 4 years 4 5 44 years 4 45 54 years 55 4 years 5 years Latest Available Data Q2 2023 Total Labor Force (000s) 4,006 Employed Workers (000s) 3,934 Unemployed Workers (000s) 72 Unemployment Rate 1.8% ▪ 25% of the Labor force is 55 years+. This includes 8% of the Labor Force who are 65 years+. ▪ Retirement age in Singapore is 63 years. ▪ Compared with 2015, there has been a significant fall in the number of Labor force participants and the participation rate for those 15-24 years. 4 . . . .5 . 4. . .5 . . 5.4 5.4 . 5.5 . 5.5 5 ale 5 4 years ale 5 years emale 5 4 years emale 5 years Workforce Statistics Age Profile of Labor Force 4 , , 5 , 4 , ,4 ,4 5 ale 5 4 ale 5 emale 5 4 emale 5 TalentNeuron Labor Force Participation Rates by Age and Sex Number of Participants in Labor Force By Age & Sex (000s) Hiring Demand Trend by Job Function Hiring Demand Trend For Vacancies ILOSTAT Modelled Estimates https://www.singstat.gov.sg/standards/data- dissemination-standard/national-summary- page ILOSTAT

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