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

Singapore’s seasonally adjusted unemployment rate came in at 2.1 percent in the December quarter of 2017, in line with the preliminary estimate and the same as a downwardly revised figure in the previous quarter. The jobless rate remained at its lowest since the third quarter 2016. For full 2017, unemployment rate edged up to 2.2 percent, the most since 2010. 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
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Singapore Q4 Jobless Rate Confirmed at 2.1%


Singapore’s seasonally adjusted unemployment rate came in at 2.1 percent in the December quarter of 2017, in line with the preliminary estimate and the same as a downwardly revised figure in the previous quarter. The jobless rate remained at its lowest since the third quarter 2016. For full 2017, unemployment rate edged up to 2.2 percent, the most since 2010.

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

Total employment increased by 12,700, following declines in the prior three quarters. Employment in services sector surged to 18,200 from 7,400 in the September quarter, supported by hiring for the year-end festive season. Meantime, employment contracted less in manufacturing (-1,300 from -2,100) and construction (-5,700 from -9,500).

Some 3,680 workers were laid off, up from 3,400 workers in the September quarter but still lower than the same period a year ago (5,440).

The rate of re-entry among retrenched residents fell to 63 percent from 66 percent in the preceding quarter.The decline was observed across occupational groups, with clerical, sales & service workers and production & related workers seeing larger declines than professionals, managers, executives and technicians/PMETs.

The number of job vacancies among private sector establishments with at least 25 employees and the public sector stood at 49,700, broadly similar to the prior quarter (49,500). Meantime, including the estimated number of job vacancies from private sector establishments with less than 25 employees, the number of job vacancies for the whole economy posted an increase. The seasonally adjusted ratio of job vacancies to unemployed persons improved to 92 job vacancies per 100 unemployed persons (from 89 in Q3), continuing the uptrend since the beginning of 2017.

Both the seasonally adjusted recruitment rate (2.3 percent from 2.1 percent in Q3) and resignation (1.9 percent from 1.8 percent) went up. This brought the rates back to levels seen two years ago. 

For full 2017, the annual average unemployment rate edged up to 2.2 percent from 2.1 percent in 2016. It was the highest annual figure since 2010. Unemployment increased both among resident (3.1 percent from 3.0 percent in 2016) and citizens (3.3 percent from 3.1 percent). 

Total employment  declined by 10,700, the first drop since 2003 (-11,700). This was due to a larger contraction in foreign employment (-32,000 compared to -2,500 in 2016), mainly from a decrease in Work Permit Holders in the construction and marine shipyard sectors. On the other hand, local employment growth in 2017 (21,300) was nearly double that in 2016 (11,200). Excluding construction and marine shipyard, total employment  grew by 41,300, higher than the growth in 2016 (30,100).  Growth was mainly in the services sectors of community, social & personal services (8,900), administrative & support services (8,600), finance & insurance services (6,200) and transportation & storage (5,900). 

Total retrenchments were lower than the past two years, though it remained higher than the levels seen in 2010 to 2014. On-going business reorganisation and restructuring remained the top reason for retrenchments in 2017.

The annual average rate of re-entry among residents made redundant remained broadly within the range of rates observed in 2016.



Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
3/15/2018 3:57:57 AM



Calendar GMT Actual Previous Consensus TEForecast
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 2.1% 2.1% 2.1% 2.1%
2018-04-27 02:30 AM Unemployment Rate Prel 2.1% 2.1%
2018-06-13 02:30 AM Unemployment Rate Final 2.1%
2018-07-27 02:30 AM Unemployment Rate Prel 2.1%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.10 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 45.00 45.50 46.30 45.00 [+]
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 46600.00 53100.00 67400.00 12000.00 [+]
Wages 5596.00 4795.00 5596.00 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 April of 2018.

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




unemployment rate by Country
Country Last
Spain 16.55 Dec/17
Brazil 12.60 Feb/18
Italy 10.90 Feb/18
Turkey 10.80 Jan/18
France 8.90 Dec/17
Euro Area 8.50 Feb/18
Canada 5.80 Mar/18
Australia 5.50 Mar/18
Indonesia 5.50 Sep/17
Russia 5.00 Mar/18
United Kingdom 4.20 Feb/18
United States 4.10 Mar/18
South Korea 4.00 Mar/18
China 3.90 Dec/17
Netherlands 3.90 Mar/18
India 3.52 Dec/17
Germany 3.50 Feb/18
Mexico 3.20 Feb/18
Switzerland 2.90 Mar/18
Japan 2.50 Feb/18


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