{"id":218141,"date":"2025-06-27T08:27:11","date_gmt":"2025-06-27T08:27:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/218141\/"},"modified":"2025-06-27T08:27:11","modified_gmt":"2025-06-27T08:27:11","slug":"unemployment-inches-up-in-q1-2025-as-jobs-growth-slows-mom","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/218141\/","title":{"rendered":"Unemployment inches up in Q1 2025 as jobs growth slows: MOM"},"content":{"rendered":"<p>SINGAPORE: Overall unemployment in Singapore rose slightly from 1.9 per cent at the <a href=\"https:\/\/www.channelnewsasia.com\/singapore\/labour-market-employment-higher-skilled-jobs-vacancy-retrenchment-q4-2024-5009706\" target=\"_blank\" rel=\"noopener\">end of 2024<\/a> to 2 per cent at the end of the first quarter of 2025, according to latest figures from the Manpower Ministry (MOM).<\/p>\n<p>Data released on Friday (Jun 27) showed that the labour market continued to grow but dipped from 7,700 jobs in Q4 2024 to 2,400 in Q1 2025.<\/p>\n<p>Job vacancies rose from 77,500 in December 2024 to 81,100 in March, reflecting a broad-based increase, although manufacturing showed signs of slowing labour demand.<\/p>\n<p>MOM\u2019s labour market statistics for Q1 2025 did not capture the potential impact of the United States\u2019 <a href=\"https:\/\/www.channelnewsasia.com\/singapore\/singapore-pm-lawrence-wong-china-economy-countries-weaponise-interdependencies-5202901\" target=\"_blank\" rel=\"noopener\">tariff increases<\/a>, as these were announced in early April.<\/p>\n<p>The unemployment rate is part of a basket of indicators that MOM is watching closely to measure the tariffs\u2019 effects going forward, said Mr Ang Boon Heng, director of the manpower research and statistics department.<\/p>\n<p>Other indicators are an increase in short work-weeks and temporary layoffs, which tend to be employers\u2019 first response before retrenchment, as well as a drop in job vacancies and weak hiring sentiment, he said.<\/p>\n<p>The global economic outlook remains uncertain in the near term, but Singapore\u2019s external demand outlook has improved slightly as major economies have taken steps to <a href=\"https:\/\/www.channelnewsasia.com\/business\/us-says-deal-beijing-will-expedite-rare-earth-exports-china-5203461\" target=\"_blank\" rel=\"noopener\">deescalate<\/a> trade tensions, said MOM.<\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE: Overall unemployment in Singapore rose slightly from 1.9 per cent at the end of 2024 to 2&hellip;\n","protected":false},"author":2,"featured_media":218142,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,3374,897,8414,86344,16,15],"class_list":{"0":"post-218141","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-employment","10":"tag-jobs","11":"tag-labour","12":"tag-ministry-of-manpower","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114754384286836367","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/218141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=218141"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/218141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/218142"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=218141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=218141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=218141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}