Advance estimates showed that Singapore’s labour market remained resilient in 1Q 2026, with employment expanding for the 18th consecutive quarter since 4Q 2021. While employment growth for both residents and non-residents moderated from the previous quarter, it remained higher than a year ago. Unemployment and retrenchments remained broadly stable. Looking ahead to 2Q 2026, the labour market is expected to remain tight and continue to expand. However, business expectations suggest that firms will remain cautious in their hiring and wage plans amid increased economic uncertainty due to geopolitical tensions. ​