Unemployment

Employment rates are at a record high as longer life expectancy, better health and cost-of-living pressures delay boomers’ retirement

The region’s economic future hinges on a generation that still believes upward mobility is within reach

The underemployment rate held at a two-year high of 6.4%

More people are also seeking work

The jobless rate is expected to reach 8.2% this year

The country’s pivot from low-end manufacturing towards advanced technology may leave millions of workers behind

Some young people are becoming disengaged and content to drift along aimlessly, living with their parents

Labour market conditions should stay resilient, but firms will be more cautious in hiring, raising wages: MOM

The figures suggest labour demand is steadying this year, after near-zero job growth in 2025