Labour force participation rate falls for third year in a row due to ageing population: MOM

Iulian Moșneagu

In some sectors, the unemployment rate increased due to the rise in retrenchments, the Manpower Ministry said in an advance release of its labour force report. SINGAPORE: The proportion of Singapore residents working or actively looking for jobs has continued to drop as the population ages , according to the Ministry of Manpower (MOM) on Thursday (Nov 28). Out of the working-age population (15 and older), 68.2 per cent were working or looking for work this year, the ministry said in an advance

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