Singapore residents’ real median income growth rises to 2.1% in 2022

midtown-modern-income-growth-singapore

Annual labour force in Singapore reported real median income growth rose to 2.1 percent in 2022, as strong nominal income growth out-stripped inflation.

Singapore’s employment rate for residents was above pre-Covid levels for the second straight year, rising to 67.5 percent in 2022, from 67.2 percent in 2021.

The unemployment rate for professionals, managers, executives and technicians (PMETs) dipped to 2.6 percent, down from 3.4 percent a year ago.

Source: Business Times

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