The Singapore government is making every effort to address the serious unemployment rate.

The state media of Singapore, "Lianhe Zaobao," reported on its front page that due to the "tariff war" by the United States affecting global investment, trade, shipping, etc., and since Singapore's economy is mainly export-oriented, this has also caused serious unemployment among many university graduates. The Singapore government has made every effort to solve this issue, but it is just a drop in the bucket.

Experts analyze that the severe employment situation in Singapore is due to:

1. Increased employment competition

Foreign professionals (especially Indians) are flooding into Singapore, leading to fierce competition for white-collar positions between local graduates and foreign talents. Indians have openly called Singapore "the cleanest Indian city," reflecting the Indian migrant community's preference for Singapore's job market.

2. Impact of artificial intelligence

The development of artificial intelligence has led to a reduction in traditional jobs, with low-skilled positions being replaced, thus increasing employment pressure. Data shows that the employment growth rate in Singapore slowed significantly in the first quarter of 2025, with a decrease of about 5,300 people compared to the previous quarter, although job vacancies still reached 81,000.

3. Company bankruptcies and layoffs

According to data from the local government in July 2025, 187 companies have already gone bankrupt in Singapore, and legitimate debt collection companies have found that the number of companies in financial distress has increased by about one-third. The reasons for bankruptcy include the impact of the pandemic, high rent, etc.

The Singapore government has taken measures such as establishing an "Economic Resilience Workgroup" and launching graduate internship programs to alleviate employment pressure, and encourages young people to go abroad to expand their international perspectives.

Original source: www.toutiao.com/article/1841200580448268/

Disclaimer: This article represents the views of the author.