The rise in job losses was mainly in sectors like information and manufacturing.

These sectors are vulnerable to global economic changes and trade policy shifts.

Businesses are reassessing their models due to ongoing uncertainty, leading to restructuring.

Despite this, layoffs were lower than during the 2009 financial crisis and the Covid-19 pandemic.

The overall labor market remained strong, with employment growing and low unemployment.

Singapore's economy grew 5.7% year-on-year, slower than the previous quarter but ahead of forecasts.

A photo shows pedestrians near the financial district in Singapore.

Labor market expectations improved in June, with more businesses planning to hire staff.

Some firms also expected to increase wages, while fewer expected to lay off staff.

These improvements show resilient labor demand, though below pre-energy shock levels.

Businesses will likely take a cautious approach to hiring and wages in the near term.