CNA938 Rewind - Record permanent jobs, but participation dips: What’s going on?

Singapore’s number of permanent jobs has hit a record high, according to the latest Ministry of Manpower (MOM) data. At the same time, the labour force participation rate – the share of residents working or looking for work – has fallen to its lowest since the pandemic. The drop is mainly driven by a growing share of seniors, who typically have lower participation rates. Andrea Heng and Hairianto Diman speak to Walter Theseira, Associate Professor of Economics, SUSS to delve deeper into the findings of the report.