Why did resident employment growth slow in 2Q?

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Resident Employment Growth Slowed in 2Q Due to Slower Pace in Essential and Public Services

Resident employment in Singapore continued to expand in the second quarter of 2026, though at a more moderate rate compared to the preceding quarter. This deceleration was primarily observed within essential and public services.
Slower Pace in Key Sectors

The Ministry of Manpower (MOM) indicated that while overall employment saw an increase of 10,700 jobs in 2Q 2026, the growth in resident employment specifically moderated. This trend was largely concentrated in sectors considered essential and those providing public services.
Non-Resident Employment Drove Overall Growth

Following a slower growth in non-resident employment during the first quarter of 2026, the expansion in the second quarter was predominantly fueled by non-residents. These roles were mainly concentrated in sectors such as construction and manufacturing.
Broader Labour Market Context

Despite the slower pace in resident employment growth within specific sectors, the overall labour market remained robust. Unemployment rates stayed low and stable at 2.0 per cent in June 2026, and retrenchments, while increasing to 4,500 from 3,830 in the previous quarter, remained below historical levels seen during economic downturns.

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Why did resident employment growth slow in 2Q?

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