EconomySingapore labour market: Slower resident employment growth, retrenchment figures a concern — analyst

Fewer retrenched residents in Singapore found work within six months in the second quarter than in the previous quarter. Retrenchments reached their highest level since late 2020, while resident employment growth slowed. An analyst said the combined trends warrant monitoring, although the Manpower Ministry described the labour market as resilient, with employment growing and unemployment low.