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Singapore job market: retrenchments, vacancies and unemployment

Retrenchments, unemployment, vacancies and hiring from MOM’s latest figures, with where your industry and age group stand and how it compares with past downturns.

Retrenchments, Q3 2026 (preliminary)

4,800

Up from 4,620 in Q2 2026, the highest since Q4 2020

2.0 per 1,000 employees. Source: MRSD, MOM.

Citizen unemployment, September 2026

3.1%

Residents 3.0%, everyone 2.0%

Seasonally adjusted, and can be revised.

Hiring rate, Q2 2026

1.4%

The lowest since Q2 2020

Share of staff newly hired, each month.

Back in work within 6 months

54.9%

The lowest since the series began in 2000

Retrenched residents, Q2 2026.

See how people like you fare See your industry

In short

4,800 people were retrenched in Q3 2026, on MOM’s early estimate. In Q2 2026 the hiring rate was 1.4% a month: only 1% of quarters since 2006 were lower. There were 1.48 vacancies for each unemployed person, and 78% of quarters had fewer. Vacancies count posts on offer, while the hiring rate counts people actually taken on, so read the two together. These are MOM’s figures, not advice.

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The job market right now

Each number can look fine or poor on its own. This sets all of them against their record since 2006.

How each number compares with the record since 2006
MeasureLatestA year earlierWorse quarters since 2006
Retrenchments, Q3 20264,8003,67010%
Citizen unemployment, Q3 20263.1%3.1%39%
Job vacancy rate, Q2 20262.9%3.0%63%
Vacancies per unemployed person, Q2 20261.481.3878%
Hiring rate, Q2 20261.4%1.7%1%
Back in work within 6 months, Q2 202654.9%56.3%0%
Back in work within 12 months, Q2 202669.8%71.2%4%
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The last column is our sum: the lower it is, the nearer this number is to its worst since 2006. Citizen unemployment uses the last month of each quarter. Retrenchments include MOM’s early estimate where the open data hasn’t caught up.

How people like you fare after retrenchment

Start from a common case

Retrenched residents aged 40 to 49 back in work within 6 months

60.9%

Mean of the last four quarters. Every age: 57.1%.

Retrenched residentsIn 6 monthsIn 12 months
Everyone57.1%70.6%
Aged 40 to 4960.9%74.5%
With a degree53.3%67.5%
Professionals, managers, executives, technicians56.1%69.8%
Men57.4%70.3%

Unemployment among resident men aged 40 to 49 with a degree was 2.1% in June 2025, against 2.7% for all residents.

See what your pay ranks

A lookup in your browser: what you pick isn’t sent to us. These are rates for each group, not a forecast for one person. Each row is its own group, because MOM doesn’t publish them combined.

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Your industry

National figures hide big gaps between industries. Pick yours to see what has changed in a year.

Information and communications: job market figures
MeasureLatestA year earlier
Retrenched, last four quarters2,310 ▲1,960
Job vacancies, Q2 20264,400 ▼6,000
Hiring rate, a month1.8% ▼1.9%
Resignation rate, a month1.3% ▼1.4%

In 2025, 17.1 of every 1,000 employees here were retrenched. Paid hours were 41.3 a week in Q2 2026.

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Every industry, highest retrenchment rate first
Job market figures by industry
IndustryRetrenched per 1,000, 2025VacanciesHiring rateResignation rate
17.14,4001.8%1.3%
13.35,1001.1%0.7%
10.86,3001.6%0.9%
10.45,5001.6%1.4%
8.53,5001.1%0.8%
8.18,7001.2%0.9%
3.12,7001.4%1.1%
1.96001.2%0.9%
1.71,9001.4%1.0%
1.510,9001.8%1.1%
1.54,8002.2%1.7%
1.54,4001.0%0.6%
0.89,0000.7%0.5%

Tap an industry to load it above. Vacancies, hiring and resignations are for Q2 2026, MOM’s newest by industry. Resignation and hiring rates are the share of staff, each month. A dash means nil, negligible or not published.

Vacancies and actual hiring

Hiring rate, a month Job vacancy rate

Tap or hover on the chart to read a value.

0%1%2%3%4%5%6%
200020102020
Hiring rate: people taken on each month as a share of staff. Vacancy rate: unfilled posts as a share of all posts at the end of the quarter. Before 2006, private firms with 25 or more staff only.
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In Q2 2026 the vacancy rate was 2.9% and the hiring rate 1.4%. Across 2019 they averaged 2.4% and 2.3%. A vacancy is a post an employer says it wants to fill. The hiring rate counts people who actually started, so it shows whether those posts are turning into jobs.

Hires for each retrenchment

Our own sum, a year at a time: the monthly hiring rate over 12 months, against retrenchments per 1,000 employees.

Hires for each retrenchment by year
YearHiring rate, a monthRetrenched per 1,000Hires for each retrenchment
20251.8%6.334
20242.0%5.941
20232.3%6.741
20222.5%3.197
20212.0%4.455
20201.6%12.815
20192.2%5.152
20182.3%5.154

Most hires replace people who left or moved jobs, so this isn’t the number of new jobs. It shows how much hiring is going on around each retrenchment.

Vacancies for each unemployed person

In Q2 2026 there were 69,900 job vacancies, or 1.48 for each unemployed person. A figure above 1 means more posts than job seekers overall, though the posts and the people may not match. 78% of quarters since 2006 had fewer.

Retrenchments

Retrenched in the quarter

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02,0004,0006,0008,00010,00012,00014,000
200020102020
Employees retrenched each quarter. Before 2006, private firms with 25 or more staff only; from 2006 the public sector too. The open data ends at Q2 2026.
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Who gets retrenched

Who is retrenched, by type of work
YearRetrenchedProfessionals, managers, executives, techniciansClerical, sales, serviceProduction, transport, labouring
202514,51082%8%10%
202413,03078%9%14%
202314,61075%9%16%
20226,44070%8%21%
20218,03073%15%12%
202026,13049%31%20%

Shares of each year’s total are our sum from MOM’s counts, which it rounds. In Q2 2026, 85% were in the first group.

Residents and non-residents

Retrenchments of residents and non-residents by year
YearResidents retrenchedPer 1,000 residentsNon-residents retrenchedPer 1,000 non-residents
202510,6707.43,8204.4
20249,3806.73,6404.4
20239,9907.34,6005.7
20224,5803.41,8602.6
20216,4305.31,5902.7
202014,38011.111,73015.7

Unemployment

Citizens Everyone, foreigners included

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0%2%4%6%8%
200020102020
Unemployment rate at the end of each quarter, seasonally adjusted. MOM revises these figures once a year.
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In September 2026, seasonally adjusted, 3.1% of citizens, 3.0% of residents and 2.0% of everyone in the labour force were out of work and looking. The overall rate also counts foreign workers, whose work passes depend on having a job.

In 2025 an average of 20,800 residents had been unemployed for 25 weeks or more. The typical unemployed resident in June 2025 had been looking for 12 weeks, against 10 weeks a year earlier.

After retrenchment

Within 6 months Within 12 months

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0%20%40%60%80%100%
20102020
Share of retrenched residents back in work, by the quarter MOM reports it. The 12-month figure is the older group’s result, and looks back further.
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In Q2 2026, 54.9% of retrenched residents were back in work within six months, the lowest since the series began in 2000, and 69.8% within twelve.

By age, mean of the last four quarters

Retrenched residents back in work by age
GroupIn 6 monthsIn 12 months
Under 3074.8%83.5%
Aged 30 to 3967.9%81.2%
Aged 40 to 4960.9%74.5%
Aged 50 to 5947.1%61.0%
Aged 60 and over38.3%50.5%

Degree holders and everyone else

In 2025, 53.0% of retrenched degree holders were back in work within six months, against 63.3% of those with secondary education. These are means of the year’s four quarters.

Degree Secondary

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0%20%40%60%80%100%
20102020
Share of retrenched residents back in work within six months, mean of each year’s four quarters.
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If you’ve been retrenched

  • Retrenchment benefit: the law doesn’t require one. What you get depends on your contract or collective agreement, or else on negotiation. TAFEP gives the norm as 2 weeks to a month’s salary per year of service, and says staff with under 2 years’ service aren’t eligible. Amounts can be lower if the employer is in financial difficulty.
  • Notice: your employer must give due notice or pay in lieu.
  • Reporting: employers with at least 10 staff must tell MOM within 5 working days of informing you.
  • SkillsFuture Jobseeker Support: up to S$6,000 over six months if you lost your job involuntarily: up to S$1,500 in month 1, S$1,250 in month 2, S$1,000 in month 3, then S$750 a month, paid when you hit monthly points targets for job-search activities. No month pays more than your past average monthly income. To apply you must be a citizen or PR aged 21 or over, have averaged S$5,000 a month or less, have worked in Singapore for at least six of the past twelve months, live in a home with an Annual Value of S$31,000 or less, and have had no payout from the scheme in the past three years. Full rules and the application are on the scheme’s page.

To plan the months ahead, see what your pay leaves after CPF and tax and where to keep your cash.

Against past downturns

The job market now against past downturns
PeriodMost retrenched in a quarterFewest vacancies per unemployedLowest hiring rateHighest resident unemployment
Asian financial crisis8,8300.352.0%4.7%
Dot-com crash and SARS8,8900.211.9%6.2%
Global financial crisis12,7600.361.9%4.9%
Covid-199,1200.521.2%4.6%
The last four quarters4,6201.461.4%2.9%

The periods are our choice. Before 2006 the quarterly figures cover private firms with 25 or more staff only, so the early rows would run higher on today’s coverage. The last row uses MOM’s open data, to Q2 2026.

Do any of these numbers warn early?

We tested whether vacancies or hiring turn before retrenchments do, using every quarter since 2006. The table shows the correlation with retrenchments, where −1 is a perfect opposite move and 0 is no link.

Correlation with retrenchments
MeasureSame quarter1 quarter later2 quarters laterA year later
Job vacancy rate−0.45−0.37−0.23−0.05
Vacancies per unemployed person−0.43−0.33−0.170.13
Hiring rate−0.50−0.270.010.10

None of the three was a better guide to later retrenchments than to the same quarter’s. On this test they move with retrenchments and give no early warning.

What firms say they’ll do next

What firms told MOM they expect
Firms expecting toAugust 2026September 2026
Hire in the next three months30.5%42.3%
Raise wages16.9%19.9%
Retrench2.8%3.1%

Source: MRSD, MOM, Labour Market Advance Release, Q3 2026. Read 6 Nov 2026. These are firms’ plans, which can change.

When the next figures come out

MOM publishes early estimates about a month after each quarter ends, and the full tables around six weeks later. Vacancies, hiring and re-entry rates come only with the full report, so they lag retrenchments and unemployment.

MOM’s next releases
ReleaseWhat it bringsWhen
Labour Force in Singapore, Advance Release 2026The new median pay and unemployment by group26 Nov to 2 Dec 2026
Labour Market Report, Third Quarter 2026Q3 vacancies, hiring and quits, and how many retrenched residents found work10 to 16 Dec 2026
Labour Force in Singapore 2026The full yearly report25 to 29 Jan 2027
Labour Market Advance Release, Fourth Quarter 2026First Q4 retrenchment and employment figures, and December unemployment28 to 29 Jan 2027

Windows from MOM’s own list of upcoming releases. MOM says it confirms each date at least a week ahead. Add these to your calendar.

More on this topic

Pay and work in Singapore

Questions people ask

How is Singapore’s job market right now?

Citizen unemployment was 3.1% in September 2026 and 4,800 people were retrenched in Q3 2026. There were 1.48 vacancies for each unemployed person in Q2 2026, and the hiring rate was 1.4% a month. Whether that’s good depends on which number you read, so the table above sets each against its record since 2006.

How many people were retrenched last year?

14,490 in 2025, or 6.3 per 1,000 employees: 10,670 residents and 3,820 non-residents.

Which industries are retrenching most?

Measured against their size in 2025, the highest rates were in information and communications (17.1 per 1,000), financial and insurance services (13.3 per 1,000) and professional services (10.8 per 1,000). The industry table has the rest.

How long does it take to find a job after retrenchment?

In Q2 2026, 54.9% of retrenched residents were back in work within six months and 69.8% within twelve. It varies by age: look up your group.

What counts as a retrenchment?

MOM defines it as ending a permanent employee’s job because of redundancy, or ending a term contract early for the same reason. On that wording, a contract that simply runs out isn’t a retrenchment, and nor is a dismissal for misconduct.

Why does the overall unemployment rate look so low?

It includes foreign workers, whose work passes depend on having a job. The citizen and resident rates are the ones to read for people who stay here between jobs.

Why do news reports give a different retrenchment number?

MOM’s early estimate is rounded and later revised, so a report from the advance release can differ from the final figure. Some reports also give a year’s total rather than a quarter’s.

Does the unemployment rate count retrenched people who stop looking?

No. MOM counts people without work who are actively looking and able to start. Someone who retires or goes back to study leaves the count.

Is a retrenchment benefit required by law?

No. TAFEP says it isn’t mandated by law, and what you get depends on your contract, a collective agreement or negotiation.

The checks

The page tests MOM’s tables against one another every time it loads.

The page’s checks
CheckExpectedOursOK
Retrenched by type of work adds to the total, Q2 20264,6204,620✓
Retrenched in the main industries is within the total, Q2 20264,6204,590✓
The four quarters of 2025 add to the yearly total14,49014,490✓
The vacancy and retrenchment series end in the same quarter2026-Q22026-Q2✓

How we work this out

  • The figures: a job reads MOM’s open datasets on data.gov.sg twice a day and rebuilds this page when one changes. See the schedule.
  • Early estimates: MOM’s advance figures reach the open data later, so we copy the newest by hand from MOM’s release, marked preliminary. The open figure replaces them by itself when it arrives.
  • Our sums: the share of quarters that were worse, hires for each retrenchment, yearly shares, means of four quarters and the correlations. All come from MOM’s figures, and the method is next to each.
  • Limits: group rates aren’t a forecast for one person. A group with few retrenchments can jump from quarter to quarter, which is why the group tool uses a four-quarter mean. Before 2006 the quarterly figures leave out the public sector and firms with under 25 staff.
  • This page shows numbers, not advice. See our disclaimer, how we get our numbers and corrections.

Contains information from MOM’s datasets on data.gov.sg (retrenchments, unemployment, vacancies, hiring, re-entry and related tables) accessed on 6 Nov 2026 under the terms of the Singapore Open Data Licence version 1.0. Advance figures and firms’ expectations: source, MRSD, MOM. This page is not connected with or endorsed by MOM or any other agency.

Changes to this page

  1. Singapore job market: MOM’s retrenchments, unemployment, vacancies and hiring, each set against its record since 2006, what happens to people like you after retrenchment, your industry, and how it compares with past downturns. Singapore job market