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

Singapore’s seasonally adjusted unemployment rate inched down to 2 percent in the March quarter of 2018 from 2.1 percent in the previous quarter and in line with the preliminary estimate. It is the lowest jobless rate since the first quarter 2016, as layoff declined the most in five years while jobs openings outnumbered job seekers for the first time in two years. 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 Q1 Jobless Rate Confirmed at 2-Year Low of 2%


Singapore’s seasonally adjusted unemployment rate inched down to 2 percent in the March quarter of 2018 from 2.1 percent in the previous quarter and in line with the preliminary estimate. It is the lowest jobless rate since the first quarter 2016, as layoff declined the most in five years while jobs openings outnumbered job seekers for the first time in two years.

In the three months to March, the jobless rate fell for residents (2.8 percent from 3 percent), while was unchanged for citizens (at 3 percent). 

Total employment increased by 3,700, following the seasonal high in the previous quarter (10,700), and was a reversal from the decline in the same period a year ago (-9,400).  Excluding foreign domestic workers (FDW), employment grew by 400. Total employment growth was supported by an increase in services (9,700 excluding FDW), led by community, social & personal services (3,900), financial & insurance services (2,800), transportation & storage (2,300) and information & communications (1,800). On the other hand, due to fewer Work Permit Holders, manufacturing and construction saw employment contracted by 3,800 and 5,600 respectively, though the decline was smaller than a year ago (-4,400 and -12,500 respectively).

Some 2,320 workers were laid off, a decrease from 3,680 workers in the December quarter to a five-year low. The decline over the quarter was broad-based across industries. Services formed the bulk of the retrenchments (63 percent), mainly in wholesale trade, financial services, and professional services. Business restructuring and reorganisation continued to be the top reason cited for retrenchments.

The rate of re-entry among retrenched residents fell for the second straight quarter to 61 percent. The decline was more notable among professionals, managers, executives and technicians/PMETs, residents with post-secondary (non-tertiary) and diploma & professional qualifications, as well as residents aged 30 to 39. On the other hand, residents aged below 30 and 50 & over, as well as those with secondary and below qualifications posted increases in re-entry rate over the quarter. 

The number of job vacancies among private sector establishments with at least 25 employees and the public sector rose to 53,900 from 49,700 in the fourth quarter, similar to the level observed in December 2015 (54,000). Coupled with fewer unemployed persons over the quarter, the seasonally adjusted ratio of job vacancies to unemployed persons improved to 104 per 100 jobseekers from 92 in the December quarter. It is the first time since the first quarter 2016 that there were more job openings than unemployed persons. 


Ministry of Manpower l Rida | rida@tradingeconomics.com
6/13/2018 4:06:20 AM



Calendar GMT Actual Previous Consensus TEForecast
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 2.0% 2.1% 2.1%
2018-06-13 02:30 AM Unemployment Rate Final 2% 2.1% 2% 2%
2018-07-27 02:30 AM Unemployment Rate Prel 2.0% 2%
2018-09-14 02:30 AM Unemployment Rate Final 2%
2018-10-27 02:30 AM Unemployment Rate Prel 2%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.00 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 67.70 68.00 68.30 55.30 percent [+]
Labour Costs 122.00 117.10 136.30 57.37 Index Points [+]
Productivity 122.00 117.10 136.30 57.37 Index Points [+]
Job Vacancies 52100.00 46600.00 67400.00 12000.00 [+]
Wages 5808.00 5596.00 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 1.20 12.80 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 July of 2018.

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




unemployment rate by Country
Country Last
Spain 16.74 Mar/18
Brazil 12.70 May/18
Italy 10.70 May/18
Turkey 9.60 Apr/18
France 9.20 Mar/18
Euro Area 8.40 May/18
Canada 6.00 Jun/18
Australia 5.40 May/18
Indonesia 5.13 Mar/18
Russia 4.70 May/18
United Kingdom 4.20 May/18
United States 4.00 Jun/18
Netherlands 3.90 May/18
China 3.89 Mar/18
South Korea 3.70 Jun/18
India 3.52 Dec/17
Germany 3.40 May/18
Mexico 3.20 May/18
Switzerland 2.40 Jun/18
Japan 2.20 May/18


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