Story perspectives

Singapore Sees Mixed Employment Growth Amid Low Unemployment

10/30/2025

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Summary

Story summary

In Singapore, the Ministry of Manpower (MOM) reported mixed resident employment growth as of October 30, 2025, with strong growth in financial services and health.
Outward-oriented sectors such as information and communications showed weaker growth.
Unemployment remained low at 2.0%, with resident unemployment at 2.8%.
Looking ahead, MOM expects positive but uneven employment growth, with hiring at 44.1%, wage growth likely to moderate, and some sectors may face more retrenchments.

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Story summary

In Singapore, the Ministry of Manpower (MOM) reported mixed resident employment growth as of October 30, 2025, with strong growth in financial services and health.
Outward-oriented sectors such as information and communications showed weaker growth.
Unemployment remained low at 2.0%, with resident unemployment at 2.8%.
Looking ahead, MOM expects positive but uneven employment growth, with hiring at 44.1%, wage growth likely to moderate, and some sectors may face more retrenchments.