Labour Market Stays Resilient Into 1H25 Despite Trade Slowdown: Report
Labour Market Stays Resilient Into 1H25 Despite Trade Slowdown: Report
However, UOB noted that declining global policy rates might offset these pressures by supporting investment and consumption and positively impact Singapore's labour market.Wholesale trade, transportation, storage, and manufacturing sectors could face hiring challenges due to these uncertainties.
批發貿易、運輸、存儲和製造業可能因這些不確定性面臨招聘挑戰。
Labour market resilience is expected to continue into 1H25, but hiring in trade-related sectors may slow due to uncertainties around US tariff policies, UOB said.
大華銀行表示，勞動力市場的韌性預計將在2025年上半年繼續，但由於美國關稅政策的不確定性，貿易相關行業的招聘可能會放緩。
In a commentary note, the bank highlighted that sectors such as wholesale trade, transportation, storage, and manufacturing could face hiring challenges due to these uncertainties.
在一份評論中，銀行強調批發貿易、運輸、存儲和製造業等部門可能因這些不確定性面臨招聘挑戰。
However, UOB noted that declining global policy rates might offset these pressures by supporting investment and consumption and positively impact Singapore's labour market.
然而，大華銀行指出，全球政策利率的下降可能通過支持投資和消費來抵消這些壓力，並對新加坡的勞動力市場產生積極影響。
On the other hand, the 3Q24 Labour Market Pressure Index (LMPI) reflects significant easing in labour market tightness since 2Q22, with conditions stabilizing in 3Q24.
另一方面，2024年第三季度勞動力市場壓力指數(LMPI)顯示，自2022年第二季度以來，勞動力市場緊張情況顯著緩解，2024年第三季度的條件穩定。
The job vacancies-to-unemployed ratio declined to 1.39 in 3Q24 from a peak of 2.54 in 2Q22 but remains above 1.0, indicating that job opportunities still exceed the number of job seekers.
職位空缺與失業者的比例在2024年第三季度從2022年第二季度的峯值2.54下降至1.39，但仍高於1.0，表明職位機會仍然超過求職者的數量。
UOB said the LMPI shows a positive correlation with the Monetary Authority of Singapore's (MAS) core and services CPI, which suggests a tighter labour market contributes to upward pressure on consumer prices.
大華銀行表示，勞動力市場壓力指數與新加坡金融管理局(MAS)的核心和服務CPI之間存在正相關關係，這表明更緊張的勞動力市場對消費價格施加上行壓力。
