1. Total employment grew by 10,400 in 2Q 2025, comprising an increase of 2,600 residents and 7,800 non-residents. This was an improvement from the muted gains in 1Q 2025 (residents: 200; non-residents: 2,000).
   
   
2. The unemployment rate in June 2025 was similar to March 2025 (2.0%). Among residents, it declined from 2.9% to 2.8% and among citizens from 3.1% to 2.9%. The resident long-term unemployment held steady over the quarter at 0.9% in June 2025, indicating continued stability in job prospects.
   
   
3. The number of job vacancies fell from 81,100 in March 2025 to 76,900 in June 2025 with the decline broad-based across most sectors. Even so, there remained more vacancies than the number of job seekers, with the ratio of job vacancies to unemployed persons standing at 1.35.
   
   
4. Retrenchments stayed low at 3,540 (or 1.4 per 1,000 employees) in 2Q 2025.
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5. Looking ahead, global uncertainty is expected to weigh on hiring and wages. Overall, labour market adjustments are expected to come mainly through slower hiring and moderated wage growth, while retrenchments may rise modestly but remain low.

​​​​​​For more key findings, please refer to the executive summary​ of the report.​​​