Report: Labour Market Advance Release First Quarter 2025

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Report: Labour Market Advance Release 2022

KEY FINDINGS

Advance estimates showed early signs of moderating labour demand, amid slowing economic growth and increasing headwinds from escalating global trade conflicts. Unemployment rates have risen slightly since December 2024, and the pace of employment growth has slowed compared to previous quarters due to smaller increases for both residents and non-residents. The moderation in labour demand was more evident in some outward-oriented sectors. Looking ahead, the labour market is expected to soften further. Business sentiments have turned more cautious in March 2025, compared to the more optimistic outlook in December 2024.

For more key findings, please refer to the highlights of the report.

As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an assessment by Ernst and Young Advisory Pte Ltd.

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KEY FINDINGS

Report: Labour Market Advance Release 2022