Unemployment Rate in Singapore increased to 2.20 percent in the fourth quarter of 2018 from 2.10 percent in the third quarter of 2018. Unemployment Rate in Singapore averaged 2.43 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.

Unemployment Rate in Singapore is expected to be 2.20 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 2.10 in 12 months time. In the long-term, the Singapore Unemployment Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Singapore Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
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% 2.1%
2019-01-31 02:30 AM Unemployment Rate Prel 2.2% 2.1% 2.20%
2019-03-14 02:30 AM Unemployment Rate Final 2.1% 2.20%
2019-04-26 02:30 AM Unemployment Rate Prel 2.2% 2.20%
2019-06-13 02:30 AM Unemployment Rate Final 2.20%



Singapore Q4 Jobless Rate Highest in 1-1/2 Years

Singapore’s seasonally adjusted unemployment rate edged up to 2.2 percent in the December quarter of 2018 from 2.1 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the second quarter 2017 on the back of continued expansion in domestic economy. For 2018 the whole year, unemployment rate inched lower to 2.1 percent from 2.2 percent a year earlier.

In the fourth quarter, the jobless rate inched higher for both residents (3.0 percent vs 2.9 percent in Q3) and citizens (3.1 percent vs 3.0 percent).

Total employment increased by 15,600, slightly lower than the preceding quarter (16,700). Employment in services (excluding foreign domestic workers/FDW) grew in the fourth quarter (17,500), higher than that in the previous quarter (13,800), supported by hiring for the year-end holidays and festive season. Construction employment was unchanged amid weakness in public sector construction. Manufacturing employment reverted to a decline (-2,000) from the increase in third quarter 2018 (3,500).

Some 2,800 workers were laid off, similar to the third quarter (2,860), while lower than the same period a year ago (3,68). Manufacturing retrenched fewer workers, offsetting the increase in retrenchments within services. Retrenchments in construction remained similar.

For 2018 the whole year, unemployment rate inched lower to 2.1 percent from 2.2 percent a year earlier. The jobless rate declined for both resident (2.9 percent vs 3.1 percent in 2017) and citizens (3.0 percent vs 3.3 percent). This reflected the general downtrend of the unemployment rates since March 2017 highs. Total employment  (excluding FDW) grew by 39,300. The increase was driven by services which added 48,300 workers. On the other hand, sustained employment contractions were seen in construction (-6,700) for the third consecutive year and for the fifth consecutive year in manufacturing (-2,400). Still, the extent of the declines moderated. Compared with 2017, the number of layoffs was significantly lower than in 2017 (11,020 vs 14,720), as the economy continued to expand. Retrenchments declined across the three broad sectors over the year. Services continued to form the bulk of retrenchments (65 percent), followed by manufacturing (24 percent) and construction (11 percent).


Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
1/31/2019 3:19:49 AM



Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.10 6.00 1.40 percent [+]
Employed Persons 3715.80 3669.50 3715.80 1714.20 Thousand [+]
Unemployed Persons 100.20 106.90 124.10 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 117.00 108.30 136.30 57.37 Index Points [+]
Productivity 117.00 108.30 136.30 57.37 Index Points [+]
Job Vacancies 63300.00 58300.00 67400.00 12000.00 [+]
Wages 4962.00 5119.00 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 16.90 19.30 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.10 6.00 1.40 1986 - 2018 percent Quarterly




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 12.30 Nov/18
Brazil 11.60 Dec/18
Italy 10.30 Dec/18
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.90 Dec/18
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Jan/19
Indonesia 5.34 Sep/18
Australia 5.00 Dec/18
Russia 4.80 Dec/18
South Korea 4.40 Jan/19
United Kingdom 4.00 Nov/18
United States 4.00 Jan/19
China 3.80 Dec/18
Netherlands 3.60 Dec/18
Mexico 3.40 Dec/18
Germany 3.30 Dec/18
Switzerland 2.80 Jan/19
Japan 2.40 Dec/18
Singapore 2.20 Dec/18


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