Singapore’s Q1 unemployment up slightly; employment growth slows amid trade war uncertainty

Quick Summary:

MOM expects the labour market to soften, given greater uncertainties in external growth prospects.

Business sentiments have become more cautious, with fewer employers are expecting to hire or raise wages in the next three months compared to December 2024.

For every 1,000 employees, 1.3 were retrenched in the January to March period, which is lower than 1.5 in the preceding quarter.

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Article Details

Author / Journalist: Sharon Salim

Category: EconomyBusiness

Markets: Singapore

Topics: Seasonal Growth Cent Services Unemployment Quarter Singapore’s 2024 January Employment March

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 11:22:56 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28239244

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Headquarters: Singapore

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Publisher ID: #25

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