{"id":2688,"date":"2025-08-18T16:27:02","date_gmt":"2025-08-18T16:27:02","guid":{"rendered":"https:\/\/usafe-ca.com\/?p=2688"},"modified":"2025-08-18T16:32:17","modified_gmt":"2025-08-18T16:32:17","slug":"singapore-labour-market-quick-take-q2-2025-review-outlook","status":"publish","type":"post","link":"https:\/\/usafe-ca.com\/zh\/2025\/08\/18\/singapore-labour-market-quick-take-q2-2025-review-outlook\/","title":{"rendered":"Singapore Labour Market Quick Take: Q2 2025 Review &#038; Outlook"},"content":{"rendered":"<h3 data-start=\"182\" data-end=\"329\">Singapore Labour Market Quick Take: Q2 2025 Review &amp; Outlook<\/h3>\n<p data-start=\"182\" data-end=\"329\">The labour market in Singapore continued its upward trajectory in the second quarter of 2025, demonstrating resilience amid global uncertainties.<\/p>\n<hr data-start=\"331\" data-end=\"334\" \/>\n<h5 data-start=\"336\" data-end=\"375\">Key Highlights: Q2 2025 Snapshot<\/h5>\n<ol data-start=\"377\" data-end=\"1453\">\n<li data-start=\"377\" data-end=\"504\">\n<p data-start=\"380\" data-end=\"504\"><strong data-start=\"380\" data-end=\"415\">Economic Growth Boosts Momentum<\/strong><br data-start=\"415\" data-end=\"418\" \/>Singapore\u2019s economy grew by <strong data-start=\"449\" data-end=\"481\">4.3% year-on-year in Q2 2025<\/strong>, up from 4.1% in Q1.<\/p>\n<\/li>\n<li data-start=\"506\" data-end=\"673\">\n<p data-start=\"509\" data-end=\"673\"><strong data-start=\"509\" data-end=\"538\">Employment Gains Continue<\/strong><br data-start=\"538\" data-end=\"541\" \/>Total employment rose by <strong data-start=\"569\" data-end=\"584\">8,400 in Q2<\/strong>, surpassing Q1\u2019s growth (2,300) and Q4 2024 (7,700), though trailing Q2 2024 (11,300).<\/p>\n<\/li>\n<li data-start=\"675\" data-end=\"1041\">\n<p data-start=\"678\" data-end=\"709\"><strong data-start=\"678\" data-end=\"707\">Diverging Sectoral Trends<\/strong><\/p>\n<ul data-start=\"713\" data-end=\"1041\">\n<li data-start=\"713\" data-end=\"906\">\n<p data-start=\"715\" data-end=\"906\"><strong data-start=\"715\" data-end=\"738\">Resident employment<\/strong> sustained growth in <strong data-start=\"759\" data-end=\"781\">Financial Services<\/strong> \u548c <strong data-start=\"786\" data-end=\"814\">Health &amp; Social Services<\/strong>, but <strong data-start=\"820\" data-end=\"845\">\u4e13\u4e1a\u670d\u52a1<\/strong> \u548c <strong data-start=\"850\" data-end=\"882\">Information &amp; Communications<\/strong> continued to decline.<\/p>\n<\/li>\n<li data-start=\"910\" data-end=\"1041\">\n<p data-start=\"912\" data-end=\"1041\"><strong data-start=\"912\" data-end=\"939\">Non-resident employment<\/strong> gains were driven entirely by <strong data-start=\"970\" data-end=\"993\">Work Permit holders<\/strong>, particularly in the <strong data-start=\"1015\" data-end=\"1038\">Construction sector<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1043\" data-end=\"1248\">\n<p data-start=\"1046\" data-end=\"1248\"><strong data-start=\"1046\" data-end=\"1082\">Unemployment Rates Remain Stable<\/strong><br data-start=\"1082\" data-end=\"1085\" \/>After easing slightly in April and May, unemployment rates for residents (2.9%) and citizens (3.0%) ticked up in June but remained within non-recession norms.<\/p>\n<\/li>\n<li data-start=\"1250\" data-end=\"1453\">\n<p data-start=\"1253\" data-end=\"1453\"><strong data-start=\"1253\" data-end=\"1277\">Steady Retrenchments<\/strong><br data-start=\"1277\" data-end=\"1280\" \/>Retrenchments held stable at <strong data-start=\"1312\" data-end=\"1321\">3,500<\/strong>, with an incidence rate of <strong data-start=\"1349\" data-end=\"1376\">1.4 per 1,000 employees<\/strong>\u2014consistent with Q1. Organizational restructuring remained the chief cause.<\/p>\n<\/li>\n<\/ol>\n<hr data-start=\"1455\" data-end=\"1458\" \/>\n<h5 data-start=\"1460\" data-end=\"1505\">What It Means for Businesses &amp; Workers<\/h5>\n<ul data-start=\"1507\" data-end=\"2448\">\n<li data-start=\"1507\" data-end=\"1711\">\n<p data-start=\"1509\" data-end=\"1711\"><strong data-start=\"1509\" data-end=\"1536\">Staying Adaptive Is Key<\/strong><br data-start=\"1536\" data-end=\"1539\" \/>As outward-oriented sectors face headwinds, employers and workers should pivot to resilient areas such as Financial and Health Services, and ramp up upskilling efforts.<\/p>\n<\/li>\n<li data-start=\"1713\" data-end=\"2180\">\n<p data-start=\"1715\" data-end=\"1749\"><strong data-start=\"1715\" data-end=\"1747\">Support Schemes Are Evolving<\/strong><\/p>\n<ul data-start=\"1752\" data-end=\"2180\">\n<li data-start=\"1752\" data-end=\"1907\">\n<p data-start=\"1754\" data-end=\"1907\">The upcoming <strong data-start=\"1767\" data-end=\"1817\">SkillsFuture Workforce Development Grant (WDG)<\/strong> will consolidate workforce transformation initiatives under one roof for easier access.<\/p>\n<\/li>\n<li data-start=\"1910\" data-end=\"2048\">\n<p data-start=\"1912\" data-end=\"2048\">The <strong data-start=\"1916\" data-end=\"1950\">SkillsFuture Jobseeker Support<\/strong> continues to assist involuntarily unemployed individuals with up to <strong data-start=\"2019\" data-end=\"2045\">$6,000 over six months<\/strong>.<\/p>\n<\/li>\n<li data-start=\"2051\" data-end=\"2180\">\n<p data-start=\"2053\" data-end=\"2180\">The <strong data-start=\"2057\" data-end=\"2097\">Economic Resilience Taskforce (SERT)<\/strong> is expanding career guidance services and facilitating HR certification support.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"2182\" data-end=\"2448\">\n<p data-start=\"2184\" data-end=\"2448\"><strong data-start=\"2184\" data-end=\"2231\">Future Watch: Detailed Labour Market Report<\/strong><br data-start=\"2231\" data-end=\"2234\" \/>The <strong data-start=\"2240\" data-end=\"2276\">Labour Market Report for Q2 2025<\/strong>\u2014scheduled for <strong data-start=\"2291\" data-end=\"2308\">mid-September<\/strong>\u2014will provide deeper insights including resident versus non-resident breakdowns, sectoral data, job vacancies, and labour turnover trends.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"2450\" data-end=\"2453\" \/>\n<h5 data-start=\"2455\" data-end=\"2514\">Quick Reference: Q2 2025 Labour Landscape at a Glance<\/h5>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"_tableWrapper_1rjym_13 group flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"2516\" data-end=\"3502\">\n<thead data-start=\"2516\" data-end=\"2610\">\n<tr data-start=\"2516\" data-end=\"2610\">\n<th data-start=\"2516\" data-end=\"2550\" data-col-size=\"sm\">Metric<\/th>\n<th data-start=\"2550\" data-end=\"2610\" data-col-size=\"md\">Q2 2025 Highlights<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"2706\" data-end=\"3502\">\n<tr data-start=\"2706\" data-end=\"2800\">\n<td data-start=\"2706\" data-end=\"2740\" data-col-size=\"sm\"><strong data-start=\"2708\" data-end=\"2722\">GDP Growth<\/strong><\/td>\n<td data-start=\"2740\" data-end=\"2800\" data-col-size=\"md\">+4.3% YoY (vs 4.1% in Q1)<\/td>\n<\/tr>\n<tr data-start=\"2801\" data-end=\"2895\">\n<td data-start=\"2801\" data-end=\"2835\" data-col-size=\"sm\"><strong data-start=\"2803\" data-end=\"2824\">Employment Change<\/strong><\/td>\n<td data-start=\"2835\" data-end=\"2895\" data-col-size=\"md\">+8,400 (\u2191 from Q1&#8217;s +2,300; \u2193 vs Q2 2024&#8217;s +11,300)<\/td>\n<\/tr>\n<tr data-start=\"2896\" data-end=\"3004\">\n<td data-start=\"2896\" data-end=\"2930\" data-col-size=\"sm\"><strong data-start=\"2898\" data-end=\"2921\">Resident Employment<\/strong><\/td>\n<td data-start=\"2930\" data-end=\"3004\" data-col-size=\"md\">Up in Financial &amp; Health Services; down in Professional &amp; Info &amp; Comms<\/td>\n<\/tr>\n<tr data-start=\"3005\" data-end=\"3099\">\n<td data-start=\"3005\" data-end=\"3039\" data-col-size=\"sm\"><strong data-start=\"3007\" data-end=\"3034\">Non-Resident Employment<\/strong><\/td>\n<td data-start=\"3039\" data-end=\"3099\" data-col-size=\"md\">Growth driven by Work Permit holders in Construction<\/td>\n<\/tr>\n<tr data-start=\"3100\" data-end=\"3196\">\n<td data-start=\"3100\" data-end=\"3140\" data-col-size=\"sm\"><strong data-start=\"3102\" data-end=\"3139\">Unemployment (Residents\/Citizens)<\/strong><\/td>\n<td data-start=\"3140\" data-end=\"3196\" data-col-size=\"md\">2.9% \/ 3.0% (slightly higher in June)<\/td>\n<\/tr>\n<tr data-start=\"3197\" data-end=\"3292\">\n<td data-start=\"3197\" data-end=\"3231\" data-col-size=\"sm\"><strong data-start=\"3199\" data-end=\"3216\">Retrenchments<\/strong><\/td>\n<td data-start=\"3231\" data-end=\"3292\" data-col-size=\"md\">3,500; 1.4 per 1,000 employees; stable quarter-on-quarter<\/td>\n<\/tr>\n<tr data-start=\"3293\" data-end=\"3407\">\n<td data-start=\"3293\" data-end=\"3329\" data-col-size=\"sm\"><strong data-start=\"3295\" data-end=\"3328\">Government Support Highlights<\/strong><\/td>\n<td data-start=\"3329\" data-end=\"3407\" data-col-size=\"md\">SkillsFuture WDG forthcoming; Jobseeker Support &amp; SERT initiatives ongoing<\/td>\n<\/tr>\n<tr data-start=\"3408\" data-end=\"3502\">\n<td data-start=\"3408\" data-end=\"3442\" data-col-size=\"sm\"><strong data-start=\"3410\" data-end=\"3439\">Next Labour Market Report<\/strong><\/td>\n<td data-start=\"3442\" data-end=\"3502\" data-col-size=\"md\">Mid-September 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<hr data-start=\"3504\" data-end=\"3507\" \/>\n<h5 data-start=\"3509\" data-end=\"3529\">Final Thoughts<\/h5>\n<p data-start=\"3531\" data-end=\"3936\">Singapore\u2019s labour market continued to expand in Q2 2025, reflecting healthy economic growth and hiring activity. Although certain outward-oriented sectors remain under pressure, gains in key areas and robust government support schemes provide optimism. With detailed insights coming in mid-September, this period is ripe for strategic planning and transformation to future-proof businesses and careers.<\/p>\n<p>Disclaimer: This article is for informational purposes only and does not constitute any professional advice. Feel free to contact us to consult with our\u00a0<a href=\"https:\/\/usafe-ca.com\/zh\/contact\/\">professional advisors team<\/a>\u00a0for personalized advice and guidance.<\/p>\n<p>Sources: <a href=\"https:\/\/www.linkedin.com\/posts\/ministry-of-manpower_based-on-the-labour-market-advance-release-activity-7356204429827522560-3Pzt?utm_source=social_share_send&amp;utm_medium=android_app&amp;rcm=ACoAAECvmR4BgxSQO6zHDbcwH6R2j2ykQ4xjw2g&amp;utm_campaign=whatsapp\">https:\/\/www.linkedin.com\/posts\/ministry-of-manpower_based-on-the-labour-market-advance-release-activity-7356204429827522560-3Pzt?utm_source=social_share_send&amp;utm_medium=android_app&amp;rcm=ACoAAECvmR4BgxSQO6zHDbcwH6R2j2ykQ4xjw2g&amp;utm_campaign=whatsapp<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Singapore Labour Market Quick Take: Q2 2025 Review &amp; Outlook The labour market in Singapore continued its upward trajectory in the second quarter of 2025, demonstrating resilience amid global uncertainties. Key Highlights: Q2 2025 Snapshot Economic Growth Boosts MomentumSingapore\u2019s economy grew by 4.3% year-on-year in Q2 2025, up from 4.1% in Q1. Employment Gains ContinueTotal [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-2688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore","category-useful"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Singapore Labour Market Quick Take: Q2 2025 Review &amp; Outlook - uSafe Certified Public Accountants<\/title>\n<meta name=\"description\" content=\"Understand the dynamics of Singapore&#039;s labour market in Q2 2025 through our comprehensive Review &amp; Outlook on employment trends.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/usafe-ca.com\/zh\/2025\/08\/18\/singapore-labour-market-quick-take-q2-2025-review-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore Labour Market Quick Take: Q2 2025 Review &amp; 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