Unemployment Rate in Singapore decreased to 2.90 percent in the first quarter of 2021 from 3.30 percent in the fourth quarter of 2020. source: Ministry of Manpower Singapore
Unemployment Rate in Singapore averaged 2.45 percent from 1986 until 2021, reaching an all time high of 6 percent in the first quarter of 1986 and a record low of 1.40 percent in the second quarter of 1990. This page provides the latest reported value for - Singapore Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Unemployment Rate in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Singapore to stand at 2.60 in 12 months time. In the long-term, the Singapore Unemployment Rate is projected to trend around 2.50 percent in 2022 and 2.20 percent in 2023, according to our econometric models.