GgoogleSG first seen 6 d ago, last 6 d ago, peak #1

Singapore Q3 layoffs rise to 4,800 as unemployment ticks up

Original: layoff

Flash figures show retrenchments in Singapore climbed to 4,800 in the third quarter, while resident unemployment edged up to 3%. The Business Times reported the data, pointing to a softening labour market despite overall employment remaining broadly stable. Employers in manufacturing and services are said to be restructuring as global demand slows, and analysts are watching whether the trend extends into the final quarter.

Why now: Fresh official data showing rising retrenchments is prompting concern about job security in Singapore's cooling economy.

SingaporeMinistry of ManpowerThe Business Times

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Evidence

• Singapore Q3 retrenchments rise to 4,800; resident unemployment edges up to 3%: flash data · The Business Times

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