Advance estimates point to a resilient labour market in 2Q 2025, supported by continued economic growth. Total employment rose, with stronger increases for both residents and non-residents compared to 1Q 2025. Unemployment rates and retrenchments remained stable. However, signs of softening continued to emerge in some outward-oriented sectors, which saw further declines in resident employment growth. Looking ahead, employment is expected to continue expanding, though at a more moderate pace than in 2024. Business sentiment remains cautious, with hiring and wage expectations for 3Q 2025 dipping slightly from 2Q 2025.