Singapore’s labour market continues to expand in the second quarter (April to June), but the Manpower Ministry reports signs of softening. Job vacancies decline during the quarter and more workers are retrenched than in the previous period, even as overall demand remains higher than the supply of unemployed workers.
Both outlets note that vacancies still exceed the number of unemployed people. However, Channel NewsAsia highlights that indicators point to fewer laid-off workers finding jobs, alongside falling vacancies. The Straits Times similarly points to a mixed picture: labour market expansion coexists with rising retrenchments and reduced vacancy levels. Together, the reports describe a labour market that grows overall, but with worsening elements for displaced workers.
