The seasonally adjusted unemployment in Singapore was revised slightly lower to 2.8 percent in the second quarter of 2020, compared to a flash estimate of 2.9 percent and remaining at the highest level since the third quarter of 2009. The number of unemployed people increased further amid the COVID-19 crisis, while employment saw its sharpest decline on record.

Unemployment Rate in Singapore averaged 2.43 percent from 1986 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministry of Manpower Singapore

Unemployment Rate in Singapore is expected to be 3.20 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 2.80 in 12 months time. In the long-term, the Singapore Unemployment Rate is projected to trend around 2.40 percent in 2021 and 2.30 percent in 2022, according to our econometric models.

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Singapore Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.40 6.00 1.40 1986 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 06:30 AM Unemployment Rate Prel Q1 2.4% 2.3% 2.6%
2020-06-15 02:30 AM Unemployment Rate Final Q1 2.4% 2.3% 2.4% 2.4%
2020-07-29 02:30 AM Unemployment Rate Prel Q2 2.9% 2.4% 2.4%
2020-09-14 07:00 AM Unemployment Rate Final Q2 2.8% 2.4% 2.9% 2.9%
2020-10-29 02:30 AM Unemployment Rate Prel Q3 2.8% 3.2%
2020-12-14 02:30 AM Unemployment Rate Final Q3 2.8%


News Stream
Singapore Unemployment Rate Climbs to 11-Year High
The seasonally adjusted unemployment in Singapore was revised slightly lower to 2.8 percent in the second quarter of 2020, compared to a flash estimate of 2.9 percent and remaining at the highest level since the third quarter of 2009. The number of unemployed people increased further amid the COVID-19 crisis, while employment saw its sharpest decline on record.
2020-09-14
Singapore Q2 Jobless Rate Highest in Over A Decade
Singapore’s seasonally adjusted unemployment rate rose sharply to 2.9 percent in the June quarter of 2020 from 2.4 percent in the previous period, a preliminary estimate showed. This was the highest jobless rate since the September quarter of 2009, as the economy entered a recession in Q2 while the external environment remained weak amid a threat of the second wave of COVID-19 crisis. The jobless rate increased for both residents (3.9 percent vs 3.2 percent in Q1) and citizens (4 percent vs 3.5 percent). Total employment (excluding Foreign Domestic Workers) decreased by 121,800, more than four times the decline in Q1, with the three broad sectors of manufacturing, construction, and services all falling. Within the services sector, the contraction was sharpest in food and beverage services, retail trade, and education. Meantime, some 6,700 workers were laid off, compared with 3,220 in Q1. The retrenchments rose significantly in wholesale trade and transport equipment.
2020-07-29
Singapore Jobless Rate at Over a Decade High
Singapore’s seasonally adjusted inched higher to 2.4 percent in the first quarter 2020 from 2.3 percent in the previous period and in line with the preliminary estimate. This was the highest jobless rate since the September quarter of 2009, amid worsening labor market conditions due to the coronavirus pandemic. The jobless rate rose for both residents (3.3% vs 3.2% in Q4) and citizens (3.5% vs 3.3%). Total employment fell by 25,600 in the March quarter, the sharpest quarterly contraction on record due to a significant fall in foreign employment. The number of retrenchments rose to 3,220 in the first quarter from 2,670 in the December quarter, largely due to sectoral downturn or poor business.
2020-06-15
Singapore Q1 Jobless Rate Rises to Over a Decade High
Singapore’s seasonally adjusted unemployment rate edged up to 2.4 percent in the first quarter of 2020 from 2.3 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the 2009 global financial crisis as labour market conditions worsened due to the coronavirus pandemic. Total employment (excluding Foreign Domestic Workers) fell 19,900 in Q1, its sharpest quarterly contraction since SARS. Overall retrenchments rose to 3,000 from 2,670 in Q4.
2020-04-29

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.