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Singapore Labour Market Update Q1 2025: Employment Growth Slows, Unemployment Rises Amid Global Uncertainty

Singapore’s labour market experienced a slowdown in the first quarter of 2025, reflecting the impact of global economic uncertainties. According to the Ministry of Manpower (MOM), total employment grew by 2,300 jobs between January and March, a significant decrease from the 7,700 jobs added in the previous quarter and 3,200 in the same period last year. Unemployment Rates Edge Up The resident unemployment rate increased slightly from 2.8% in December 2024 to 2.9% in March 2025. The citizen unemployment rate held steady at 3.1% in March, up from 2.9% in December 2024. Despite these upticks, MOM noted that unemployment rates remain within non-recessionary ranges. Retrenchments Decline In a positive development,

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Asia’s Best Country To Work In

As voted by its labour force, Singapore is the best country to earn a living in Asia. Based on the Global Competitiveness Report by the World Economic Forum, besides the city’s standard of living, Singapore’s working conditions are the best in the region as employees are deemed to be better taken care of due to effective labour policies and a general employer mind-set that allows for employees to enjoy a balance in life. Post your resume and apply to work in Singapore today. Source: EDB Also see guide to working and living in Singapore.

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