Employment growth eases in Q1

In Q1, employment grew by 34,500.

Whilst employment continued to expand in Q1, the pace of its growth has slightly moderated.

Advanced estimates from the Ministry of Manpower (MOM) showed that total employment rose by 34,500 in Q1, lower than the 43,500 increase in Q422.

The MOM attributed the slowdown to the moderation of both resident and non-resident employment growth.

Most of the new hires in Q1 came from non-residents in Construction.

Newly-hired residents, meanwhile, gained employment in Community, Social & Personal Services, mainly in Public Administration & Education, and Financial Services sectors.

Given the growth in employment, the unemployment rate in Q1 remained low at 1.8% overall, 2.5% for residents, and 2.7% for citizens.

In total, there were 61,500 unemployed residents in March 2023, of which 54,900 were citizens.

Follow the link for more news on

Ministry of Manpower

Singapore Employment

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia