How does 2Q employment growth compare to 1Q?

Question

Accepted Answer

Singapore's Employment Growth Increased in 2Q 2026 Compared to 1Q 2026

Singapore's labour market saw an increase in employment growth in the second quarter (2Q) of 2026, adding 10,700 jobs. This figure represents a rise from the 9,400 jobs that were created in the first quarter (1Q) of the same year. This expansion marks the 19th consecutive quarter that Singapore has experienced employment growth.
Employment Growth Details in 2Q 2026

The Ministry of Manpower (MOM) reported that resident employment continued to expand, although at a reduced pace compared to the prior quarter. This growth was primarily concentrated in essential and public services. In contrast, the overall employment growth in 2Q 2026 was predominantly driven by non-residents, with significant contributions from the construction and manufacturing sectors.
Unemployment and Retrenchment Rates

Unemployment rates in Singapore remained low and stable in June 2026, standing at 2.0 per cent overall. However, retrenchments saw an increase, rising from 3,830 in 1Q 2026 to 4,500 in 2Q 2026. This brought the retrenchment incidence rate to 1.9 per 1,000 employees, up from 1.6 in the previous quarter.
Contributing Factors to Retrenchments

The observed increase in retrenchments was primarily concentrated in several outward-oriented sectors. These redundancies were largely attributed to ongoing business restructuring. Despite this uptick, retrenchments remained significantly below the levels typically recorded during periods of economic downturn.

Reading history

Hide →

This history is cleared when the page is closed.

How does 2Q employment growth compare to 1Q?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends