Labour Costs in Singapore increased to 103.80 points in the first quarter of 2021 from 94.50 points in the fourth quarter of 2020. source: Statistics Singapore

Labour Costs in Singapore averaged 85.41 points from 1980 until 2021, reaching an all time high of 111.10 points in the first quarter of 2020 and a record low of 51.70 points in the second quarter of 1980. This page provides - Singapore Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labour Costs - values, historical data and charts - was last updated on June of 2021.

Labour Costs in Singapore is expected to be 85.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Singapore to stand at 106.00 in 12 months time. In the long-term, the Singapore Labour Costs is projected to trend around 117.00 points in 2022 and 122.00 points in 2023, according to our econometric models.

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Singapore Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
103.80 94.50 111.10 51.70 1980 - 2021 points Quarterly
NSA, 2015=100

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 3.30 6.00 1.40 percent [+]
Employed Persons 3597.70 3778.00 3778.00 1714.20 Thousand [+]
Unemployed Persons 139.90 110.80 139.90 25.80 Thousand [+]
Average Weekly Hours 44.00 44.70 46.30 44.00 [+]
Labor Force Participation Rate 68.10 68.00 68.30 55.30 percent [+]
Productivity 103.80 94.50 111.10 51.70 points [+]
Labour Costs 103.80 94.50 111.10 51.70 points [+]
Job Vacancies 67000.00 55100.00 67400.00 12000.00 [+]
Wages 6159.00 5877.00 6159.00 1302.00 SGD/Month [+]
Population 5.70 5.70 5.70 1.65 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Employment Change 6.70 -13.40 73.20 -121.80 Thousands Person [+]