FX.co ★ Singapore Jobless Rate Steady at 2%

In the third quarter of 2025, Singapore's seasonally adjusted unemployment rate remained steady at 2.0%, consistent with the previous quarter and aligning with initial projections. The labor market maintained its robustness, bolstered by continuous economic progress, as total employment surged while both unemployment and retrenchments remained minimal. During this period, total employment saw a significant increase of 25,100, compared to a rise of 10,400 in the second quarter. This growth was bolstered by both resident and non-resident employment. Among residents, the primary contributors to employment growth were the financial and insurance services and health and social services sectors. Meanwhile, non-resident employment experienced expansion predominantly in the construction and manufacturing industries. Retrenchments stayed low, with 3,670 occurrences, which translates to 1.6 retrenchments per 1,000 employees. The rate of residents re-entering employment within six months of retrenchment declined slightly to 55.4% from 56.3%. Looking forward, it is anticipated that both employment and wage growth will experience a moderation.