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Singapore's Q2 Total Employment Rises; Retrenchments Stable
The Straits Times
|July 31, 2025
Global economic uncertainty set to persist and may impact hiring, wage growth: MOM
The labour market is showing some bright spots, with total employment rising and retrenchments holding steady.
The number of jobs in Singapore grew by 8,400 in the second quarter of 2025, much higher than 2,300 in the previous quarter, and up from 7,700 in the last quarter of 2024.
There were more jobs for both residents—Singaporeans and permanent residents—as well as non-residents in the second quarter, according to preliminary data released by the Ministry of Manpower (MOM) on July 30.
The growth in the second quarter is, however, lower than the 11,300 jobs added in the same period in 2024.
Still, MOM said the data reflected a resilient labour market supported by continued economic growth.
Based on advance estimates by the Ministry of Trade and Industry, Singapore's economy grew 4.3 per cent year on year in the second quarter, extending the 4.1 per cent growth in the first quarter.
यह कहानी The Straits Times के July 31, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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