S’pore Q3 2026 retrenchments hit 4,800, a nearly six-year high

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 30 Oct, 04:16 UTC

Resident unemployment has climbed to 3% Retrenchments rose by 3.9% to 4,800 in Q3 2026, up from 4,620 in Q2, according to the latest Ministry of Manpower (MOM)’s Labour Market Advance Release on Friday (Oct 30). Retrenchments in Q3 2026 are the highest since the 5,640 layoffs recorded in Q4 2020…