In Singapore's second quarter of 2026, the labour market offered a portrait of an economy in motion but not in harmony — adding over ten thousand jobs while simultaneously shedding forty-five hundred workers, the most since the depths of the pandemic. The Ministry of Manpower's July 31 release reveals that growth and displacement are not opposites here but companions, as global-facing industries restructure while construction and essential services expand. It is a reminder that aggregate numbers can mask the very human experience of disruption, and that a stable unemployment rate is not the sa
Singapore retrenchments spike to 6-year high despite job growth
Retrenchments affected workers in IT and manufacturing sectors, though overall unemployment remained stable at 2%.