Singapore's Unemployment Rises Marginally in Q3, Job Additions Rise

MT Newswires10-30

Singapore's overall unemployment rate was 2% in the third quarter of 2026, compared with 1.9% in the previous quarter, according to data from the Ministry of Manpower on Friday.

Meanwhile, total employment grew by 27,700 in Q3, up from 11,400 in Q2, the data showed.

Retrenchments rose to 4,800 in the third quarter, or 2 per 1,000 employees, up from 4,620 in the prior quarter, driven by selected outward-oriented sectors, with reorganization continuing to be a core factor.

In the labor market, the share of firms expecting to hire over the next three months rose to 42.3% in September, from 30.5% in August, while wage increase expectations rose from 16.9% to 19.9%.

Meanwhile, expectations for retrenchment over the next three months rose from 2.8% in August to 3.1% in September.

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