Singapore Employment Data (2020–2024)
- marketing47203
- Apr 3
- 2 min read
Overview
The employment data from Singapore's Ministry of Manpower (MOM) provides valuable insights into the job market trends from 2020 to 2024. This period captures the significant impact of COVID-19 on employment and the subsequent recovery patterns.
Key Employment Statistics
Employment Level (Year-end, '000)
Year | 2020 | 2021 | 2022 | 2023 | 2024 |
Total | 3,603.3 | 3,643.5 | 3,889.8 | 3,986.4 | 4,046.2 |
Employment Change (Annual, '000)
Year | 2020 | 2021 | 2022 | 2023 | 2024 |
Total Change | -181.0 | 40.2 | 250.1 | 96.7 | 59.8 |
Employment Distribution by Sector (%)
Sector | 2020 | 2021 | 2022 | 2023 | 2024 |
Manufacturing | 12.5 | 12.4 | 12.5 | 12.2 | 12.0 |
Construction | 11.2 | 11.2 | 12.8 | 13.2 | 13.3 |
Services | 75.6 | 75.8 | 74.1 | 74.0 | 74.1 |
Others | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 |
Quarterly Employment Changes (2020–2024)
2020 Quarterly Employment Change ('000)
• Q1: -25.4
• Q2: -113.5 (Significant drop due to COVID-19 impact)
• Q3: -34.4
• Q4: -7.8
2021 Quarterly Employment Change ('000)
• Q1: 13.9
• Q2: -19.9
• Q3: -8.4
• Q4: 54.6 (Strong recovery in Q4)
2022 Quarterly Employment Change ('000)
• Q1: 47.4
• Q2: 71.1
• Q3: 83.4
• Q4: 48.1
2023 Quarterly Employment Change ('000)
• Q1: 39.1
• Q2: 24.1
• Q3: 25.4
• Q4: 8.0
2024 Quarterly Employment Change ('000)
• Q1: 8.1
• Q2: 14.9
• Q3: 24.9
• Q4: 11.9
Key Observations
1. COVID-19 Impact: 2020 saw a significant decline in employment (-181,000), with the most severe impact in Q2 (-113,500).
2. Recovery Pattern: Recovery began in 2021 (+40,200) and accelerated in 2022 (+250,100).
3. Sectoral Shifts: Services sector remained dominant (74-75% of employment) throughout the period.
4. Construction Sector Recovery: Construction sector employment share increased from 11.2% in 2020-2021 to 13.3% by 2024.
5. Manufacturing Stability: Manufacturing sector maintained relatively stable employment share (12.0-12.5%).
6. Current Trend: Employment growth has moderated in 2023-2024 compared to the strong recovery in 2022.
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Source: Ministry of Manpower, Singapore (https://stats.mom.gov.sg/pages/employment-summary-table.aspx)
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