Singapore Unemployment Rate  1986-2018 | Data | Chart | Calendar

Singapore’s seasonally adjusted unemployment rate edged down to 2.1 percent in the fourth quarter of 2017 after remaining at 2.2 percent in the previous four quarters, preliminary estimates showed. It was the lowest jobless rate since the third quarter 2016. For full 2017, unemployment rate edged up to 2.2 percent, the most since 2010, compared to 2.1 percent in a year earlier. Unemployment Rate in Singapore averaged 2.45 percent from 1986 until 2017, 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.

Singapore Unemployment Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Singapore Q4 Jobless Rate Lowest in 5 Quarters


Singapore’s seasonally adjusted unemployment rate edged down to 2.1 percent in the fourth quarter of 2017 after remaining at 2.2 percent in the previous four quarters, preliminary estimates showed. It was the lowest jobless rate since the third quarter 2016. For full 2017, unemployment rate edged up to 2.2 percent, the most since 2010, compared to 2.1 percent in a year earlier.

In the three months to December, the jobless rate fell for both residents (2.9 percent from 3.1 percent in Q3) and citizens (3.0 percent from 3.2 percent).

In Q4 some 3,300 workers were laid off, comapared to 3,400 in the previous quarter and 5,440 in Q4 of 2016. Retrenchments decreased in construction and services, but rose in manufacturing.

Total employment increased by 12,800, compared to a 2,300 decline in the preceding quarter. It is the first rise since the last quarter 2016 as employment grew in services, supported by hiring for the year-end festive season. Meantime, manufacturing and construction employment continued to contract, but at a slower pace.

For full 2017, unemployment rate edged up to 2.2 percent from 2.1 percent in a year earlier. It was the highest figure since 2010. The jobless rate rose for both resident (3.1 percent from 3.0 percent) and citizens (3.3 percent from 3.1 percent). Total employment declined by 10,700 (-0.3 percent), the first drop since 2003. This was due to a larger contraction in foreign employment (-32,000 or -2.8 percent) compared to 2016 (-2,500 or -0.2 percent), even though local employment continued to grow. Across sectors, employment contracted for manufacturing (-11,500) and construction (-38,200). In contrast, employment went up in services (39,400). The number of retrenchments were recorded at 14,340, significantly lower than in 2016 (19,170). Compared with 2016, the number of layoffs declined in manufacturing and services, and remained similar in construction. Services contributed the bulk of retrenchments in 2017.


Ministry of Manpower | Rida Husna | rida@tradingeconomics.com
1/26/2018 12:13:53 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-27 02:30 AM Unemployment Rate Prel 2.1% 2.2% 2.3%
2017-12-13 02:30 AM Unemployment Rate Final 2.2% 2.2% 2.1% 2.1%
2018-01-26 02:30 AM Unemployment Rate Prel 2.1% 2.2% 2.2%
2018-03-15 02:30 AM Unemployment Rate Final 2.2%
2018-04-27 02:30 AM Unemployment Rate Prel 2.1% 2.1%
2018-06-13 02:30 AM Unemployment Rate Final


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.20 6.00 1.40 percent [+]
Employed Persons 3669.50 3672.60 3672.60 1714.20 Thousand [+]
Unemployed Persons 106.90 102.80 124.10 25.80 Thousand [+]
Average Weekly Hours 45.50 45.60 46.30 45.50 [+]
Labor Force Participation Rate 68.00 68.30 68.30 55.30 percent [+]
Labour Costs 117.10 109.40 136.30 57.37 Index Points [+]
Productivity 117.10 109.40 136.30 57.37 Index Points [+]
Job Vacancies 53100.00 50000.00 67400.00 12000.00 [+]
Wages 4795.00 4939.00 5586.00 1302.00 SGD/Month [+]
Population 5.60 5.54 5.60 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 12.80 -0.70 73.20 -26.00 Thousands Person [+]


Singapore Unemployment Rate

In Singapore, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 6.00 1.40 1986 - 2017 percent Quarterly




unemployment rate by Country
Country Last
Spain 16.55 Dec/17
Brazil 11.80 Dec/17
Italy 10.80 Dec/17
Turkey 10.30 Nov/17
France 8.90 Dec/17
Euro Area 8.70 Dec/17
Canada 5.90 Jan/18
Australia 5.50 Jan/18
Indonesia 5.50 Sep/17
Russia 5.10 Dec/17
United Kingdom 4.30 Nov/17
Netherlands 4.20 Jan/18
United States 4.10 Jan/18
China 3.90 Dec/17
Germany 3.60 Dec/17
South Korea 3.60 Jan/18
India 3.46 Dec/16
Switzerland 3.30 Jan/18
Mexico 3.10 Dec/17
Japan 2.80 Dec/17


Related

Latest