Singapore’s seasonally adjusted unemployment rate edged up to 2.1 percent in the September quarter of 2018 from a downwardly revised 2.0 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the fourth quarter 2017. Unemployment Rate in Singapore averaged 2.44 percent from 1986 until 2018, 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 Q3 Jobless Rate Highest in 3 Quarters


Singapore’s seasonally adjusted unemployment rate edged up to 2.1 percent in the September quarter of 2018 from a downwardly revised 2.0 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the fourth quarter 2017.

In the third quarter, the jobless rate held steady for both residents (at 2.9 percent) and citizens (3.0 percent).

Total employment increased by 15,200 as employers quickened the pace of hiring, more than double than that in the June quarter (6,500), and  a reversal from a decline in the September quarter 2017 (-4,100). The higher employment growth in the third quarter 2018 was broad based. Increases were observed in manufacturing (3,500) after fifteen consecutive quarters of fall. Also, there were gains in services (12,300 excluding foreign domestic workers/ FDW), such as in professional services, information & communications, community, social & personal services and financial & insurance. In contrast, employment in construction declined by 400, reflecting weakness in public sector construction activities. Still, the pace of decline was slower than those of previous quarters.

Some 2,500 workers were laid off, lower than that in the second quarter (3,030) and the same period a year ago (3,400). Retrenchments in construction and services were lower over the quarter but remained similar in manufacturing. Services (60 percent) and manufacturing (32 percent) contributed to most of the retrenchments, while construction (8 percent) made up the rest. Cumulatively for the first three quarters of 2018, retrenchment was lower than the same periods in the preceding two years.


Ministry of Manpower l Rida | rida@tradingeconomics.com
10/26/2018 3:19:16 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-27 03:30 AM Unemployment Rate Prel 2.1% 2% 2%
2018-09-13 02:30 AM Unemployment Rate Final 2.1% 2% 2.1% 2.1%
2018-10-26 02:30 AM Unemployment Rate Prel 2.1% 2% 2.1%
2018-12-13 02:30 AM Unemployment Rate Final 2.1% 2.1%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.00 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 67.70 68.00 68.30 55.30 percent [+]
Labour Costs 107.90 122.00 136.30 57.37 Index Points [+]
Productivity 107.90 122.00 136.30 57.37 Index Points [+]
Job Vacancies 58300.00 52100.00 67400.00 12000.00 [+]
Wages 5119.00 5808.00 5808.00 1302.00 SGD/Month [+]
Population 5.61 5.60 5.61 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 17.70 7.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.00 6.00 1.40 1986 - 2018 percent Quarterly




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 10.80 Jul/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Sep/18
Russia 4.50 Sep/18
South Korea 4.00 Sep/18
United Kingdom 4.00 Aug/18
China 3.82 Sep/18
Netherlands 3.70 Sep/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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