Singapore continues creating jobs despite tightening labour market: Minister

Minister Ong Ye Kung sought to reassure graduating cohorts that Singapore's economy continues to generate employment opportunities despite a softening job market in recent months. Speaking on the topic of graduate employment prospects, the minister emphasised that the government and private sector remain focused on job creation across the economy.

The comments come as Singapore's labour market has shown signs of cooling, with hiring slowing in certain sectors and unemployment rates fluctuating. However, Ong's remarks underscored the resilience of Singapore's job market and the ongoing efforts by policymakers to maintain employment growth.

The minister's statement seeks to counter concerns among graduating classes about their employment prospects in an increasingly competitive landscape. His message highlights the importance of graduate confidence in Singapore's economic fundamentals and long-term job creation capacity.

As Singapore navigates external economic uncertainties, the government has maintained its emphasis on skills development and workforce transformation to ensure local graduates remain competitive and employable across sectors. The minister's comments reflect continued commitment to supporting school and university leavers as they enter the job market.