{"id":86668,"date":"2026-09-21T12:04:04","date_gmt":"2026-09-21T04:04:04","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=86668"},"modified":"2026-09-21T12:04:04","modified_gmt":"2026-09-21T04:04:04","slug":"singapore-retrenchments-rise-sharply-in-q2-amid-falling-vacancies-and-fewer-laid-off-workers-finding-jobs","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=86668","title":{"rendered":"Singapore retrenchments rise sharply in Q2 amid falling vacancies and fewer laid-off workers finding jobs"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p>Resident employment growth also slowed to 2,200 from 5,400 in the previous quarter.<\/p>\n<p>Overall employment grew by 11,400, with non-resident employment growth driven by work permit holders in construction and manufacturing. This is higher than the growth of 9,400 in the first quarter of 2026.<\/p>\n<p>Unemployment remained low and stable at 1.9 per cent overall, 2.9 per cent for residents and 3 per cent for citizens.<\/p>\n<p>Long-term unemployment \u2013 referring to those out of a job for at least six months \u2013 was 1 per cent in June, inching up from 0.9 per cent in March.<\/p>\n<p>Job vacancies fell to 68,600 in June from 73,300 in March. The decline mainly reflected a fall in professional, manager, executive and technician (PMET) vacancies in financial services and information and communication.<\/p>\n<p>MOM said that the labour market remained relatively tight, with vacancies still exceeding those out of work, at a rate of 1.48 vacancies per unemployed person in June.<\/p>\n<p>Entry-level PMET vacancies remained broadly stable, at 31,700 vacancies or 45.3 per cent of all vacancies in June, compared to 32,800 vacancies or 43.6 per cent of all vacancies in March.<\/p>\n<p>Speaking to reporters during a visit to cybersecurity firm Acronis, Acting Manpower Minister Jasmin Lau noted these &#8220;signs of change&#8221;.<\/p>\n<p>&#8220;Fewer job vacancies were added this quarter, and some workers are finding the transition into their next role taking slightly longer. This is a concern for some Singaporeans,&#8221; she said.<\/p>\n<p>Although job opportunities remain, moving from one job to the next can be challenging, said Ms Lau.<\/p>\n<p>She pointed to career conversion programmes, which target mid-career workers, as one way the government will support workers.<\/p>\n<p>&#8220;Instead of learning a new skill and then hoping to find a job that uses it, workers train for actual roles that companies need. They learn on the job, gain real experience, and build on the skills they already have,&#8221; she said.<\/p>\n<p>&#8220;This is the shift I hope we can all make together \u2013 learning new skills not just to protect what we have, but to open up more possibilities for what comes next.<\/p>\n<p>&#8220;Many things will change \u2013 the economy, industries and job roles that are available. But when we keep building on our skills, we can face these changes with more confidence.<\/p>\n<p>&#8220;Our government is committed to supporting our workers and creating pathways for Singaporeans to build these new skills and to move into job opportunities,&#8221; said the acting minister.<\/p>\n<\/div>\n<p><br \/>\n<center><br \/>\n<br \/><a href=\"https:\/\/www.channelnewsasia.com\/singapore\/singapore-workers-retrenchments-jobs-q2-2026-6398481\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><br \/>\n<center\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Resident employment growth also slowed to 2,200 from 5,400 in the previous quarter. Overall employment grew by 11,400, with non-resident employment growth driven by work&#8230;<\/p>\n","protected":false},"author":1,"featured_media":86669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Qhp9q0wY--\/c_crop,h_1125,w_2000,x_0,y_104\/c_fill,g_auto,h_676,w_1200\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:cna,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/09\/21\/ayt_2316.jpg?itok=0a3c_2IQ","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[4355,8973,1244,30366,24105,1569,21787,22,12431,4041],"class_list":["post-86668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-falling","tag-finding","tag-jobs","tag-laidoff","tag-retrenchments","tag-rise","tag-sharply","tag-singapore","tag-vacancies","tag-workers","wpcat-2-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/86668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86668"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/86668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/86669"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}