S'pore labour market growing, even though retrenchments up, job vacancies fall: MOM report
Non-resident employment growth was driven by work permit holders in construction and manufacturing.
Singapore's labour market strengthened in the second quarter of 2026 despite a rise in retrenchments and a decrease in job vacancies, according to the Ministry of Manpower (MOM) report. Total employment rose by 11,400, marking the 19th consecutive quarter of growth. Resident employment increased by 2,200, but at a slower pace than the previous quarter.
Labor shortages persisted, with more vacancies than unemployed persons. Despite a slight dip in wage expectations, firms still plan to hire more workers in the coming months.
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