The Straits Times·3 min read·medium
Singapore adds more jobs in Q2 even as retrenchments rose
S
Sharon Salim
✦AI Summary
Singapore's labor market saw a rise in retrenchments to 4,500 in the second quarter of 2026, the highest since 2020, primarily due to restructuring in the tech and manufacturing sectors. Despite this, total employment grew by 10,700, and the unemployment rate remained stable at 2 percent.
There were 4,500 retrenchments between April and June 2026, the highest number since the last quarter of 2020.
economybusiness
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