Singapore Minister optimistic about job market

He sees a steady market as hiring picks up.

Singapore’s government hopes there won’t be any deterioration in unemployment next year as the job market keeps pace with 2016 levels, said Ong Ye Kung, the country’s minister for education.

With the unemployment rate for residents currently about 3 percent, and industries including health care, precision engineering and aerospace performing well and still hiring, Singapore’s employment market was “not bad at all,” Ong said in an interview on Bloomberg TV on Tuesday.

“Next year we hope there’s an uptick in several sectors and so we hope we can maintain unemployment the way it is," he said. “But more importantly is long-term unemployment. We have always kept it low and we keep it low by ensuring workers keep on re-skilling.”

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