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Singapore's Unemployment Rises Amid Economic Uncertainty

4/28/2025

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Summary

Singapore's Job Market Decline

Singapore's unemployment rate increased to 2.9% in Q1 2025, up from 2.8% in December 2024.
Total employment rose by just 2,300, marking a notable decline from earlier quarters.
Retrenchments decreased to 3,300, primarily due to business restructuring.
Manufacturing employment dropped by 800, highlighting sector-specific challenges.
The Ministry of Manpower expects continued labor market softening amid economic uncertainties.

Summary

Australia's Steady Employment

Australia's unemployment rate remained steady at 5.0% in February for the third consecutive month.
Full-time employment increased by 47,600, while part-time jobs decreased by 57,700.
The employment participation rate slightly declined to 65.7%.
The Australian dollar initially fell but later recovered following the report.
Male unemployment rose to 4.9%, while female unemployment decreased to 5.2%.

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Singapore's Job Market Decline

Singapore's unemployment rate increased to 2.9% in Q1 2025, up from 2.8% in December 2024.
Total employment rose by just 2,300, marking a notable decline from earlier quarters.
Retrenchments decreased to 3,300, primarily due to business restructuring.
Manufacturing employment dropped by 800, highlighting sector-specific challenges.
The Ministry of Manpower expects continued labor market softening amid economic uncertainties.

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