Singapore's overall unemployment rate dropped to 1.9% in the second quarter of 2026, down from the government's preliminary estimate and market forecasts of 2.0%, according to final Ministry of Manpower data released Monday. The decline was supported by a stronger job market for younger workers, with the jobless rate among residents aged 30 and below falling to 5.7% in June from 6.2% in March. In contrast, unemployment among older residents aged 50 and above edged up to 3.1% from 2.9% over the same period. Total employment expanded by 11,400 during the quarter, accelerating from the 9,400 positions added in the first quarter and surpassing the 10,400 jobs added in the second quarter of 2025.
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