In Q2 2024, Singapore's employment grew by 11,300, with all growth from non-resident workers, despite resident employment declining due to retail contraction.
Singapore's employment grew by 11,300 in Q2 2024, with non-resident employment accounting for all growth, according to the Manpower Ministry. Resident employment in sectors such as financial services, health, and professional services increased, but overall resident employment declined due to retail contraction. Unemployment rates for Singaporeans and residents fell from 3% and 2.9% in May to 2.8% and 2.7% in June, respectively.
July 31, 2024
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