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Singapore Job Market Cools Amid Sector Growth Challenges

5/28/2025

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Summary

Story summary

Singapore's job market is cooling, with a 17% year-on-year decline in overall job postings, the lowest since May 2021.
Growth is seen in sectors like eldercare and data analytics, with personal care aide openings rising nearly 30%.
The unemployment rate remains low at 2.1%, highlighting a mismatch between labor supply and demand.
Employers struggle to fill roles, underscoring the need for strategic hiring and adaptable workforce planning.

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Story summary

Singapore's job market is cooling, with a 17% year-on-year decline in overall job postings, the lowest since May 2021.
Growth is seen in sectors like eldercare and data analytics, with personal care aide openings rising nearly 30%.
The unemployment rate remains low at 2.1%, highlighting a mismatch between labor supply and demand.
Employers struggle to fill roles, underscoring the need for strategic hiring and adaptable workforce planning.