Singapore’s job market continues to show resilience, even as job postings experienced a 4.5% decline in February, marking the lowest level since March 2021. Despite this drop, postings are still 32% above pre-pandemic levels, highlighting the ongoing strength of the labour market. The unemployment rate remains low at 2%, underscoring the tightness of the market.
Indeed’s Hiring Lab report reveals that 92% of occupations have job postings above their pre-pandemic baseline, with significant demand in sectors such as pharmacy, sports, hospitality and tourism, and real estate. These sectors have seen postings more than double compared to pre-pandemic levels. Conversely, childcare, beauty and wellness, driving, and media and communications have seen declines.
The report also notes mixed growth across occupational categories over the past three months. IT infrastructure, operations and support, arts and entertainment, and software development have seen notable increases, particularly in roles with high exposure to AI transformation. However, declines were observed in childcare, dental, and civil physicians and surgeons.
Remote work opportunities have remained steady, with 8.6% of job postings in February mentioning remote work options. IT systems and solutions, sales, and media and communications lead in remote opportunities. Changes in remote work availability reflect shifting employer attitudes and efforts to attract candidates.
As Singapore faces economic challenges, including inflation and geopolitical uncertainties, job opportunities are expected to moderate throughout 2026. Nonetheless, the country’s strong economic growth last year positions it to weather these challenges effectively.
