In the last decade, Singapore resident population has grown older with more elderly and fewer younger people. As at June 2017, the proportion of residents aged 65 years and over has increased from 8.5% in 2007 to 13% in 2017. There are now fewer working-age adults to support each resident aged 65 years and over. The Singapore labour market needs to be prepared for a rapidly ageing population, which means an ageing workforce, in the next one to two decades. 
The Singapore labour market also showed signs of slowing down in the second quarter of year 2018 after a sustained pickup since June 2017. Job-skills mismatch continues to be a growing structural challenge due to ongoing economic restructuring and shifts in the composition of the resident labour force.
With a slow-down in foreign worker inflow due to tight government regulations, and a low unemployment rate of 2 to 3%, the recruitment market continues to look tough for employers.


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