Data from the Labour Force in Singapore 2025 report indicates that local workers are experiencing increased job stability, with one-third of resident employees remaining with their employers for over ten years. This marks a significant rise from just over a quarter in the last decade. In contrast, the percentage of individuals entering the job market or switching jobs within the past year has fallen sharply from almost 20% to 12%, particularly noted in the years following the pandemic.
Additionally, the labor landscape has shifted since 2015, with a growing number of workers now staying with the same employer for five years or more. Previously, more than half of the workforce changed jobs within that timeframe, but recent trends show a reversal in this pattern.
Furthermore, the report reveals a substantial increase in the median income, which rose from S$3,949 in 2015 to S$5,775 in 2025, translating to a nominal growth of 46.2% and a real increase of 23.2% after adjusting for inflation. As a result, Singaporeans are able to purchase 25% more with their earnings compared to a decade ago, while average weekly working hours for full-time employees have decreased from 47 to 43.8 hours, equating to a reduction of over 166 hours annually.