Singapore Unemployment Rate  1986-2017 | Data | Chart | Calendar

Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter of 2017, in line with the preliminary estimate and the same as in the prior two quarters quarter. The jobless rate remained at its highest level since the fourth quarter 2010, as employment continued to decline. 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
Please Paste this Code in your Website
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Singapore Q2 Jobless Rate Confirmed At 6-1/2-Year High


Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter of 2017, in line with the preliminary estimate and the same as in the prior two quarters. The jobless rate remained at its highest level since the fourth quarter 2010, as employment continued to decline.

In the three months to June, the jobless rate fell for residents (3.1 percent from 3.2 percent in the March quarter) and citizens (3.3 percent from 3.5 percent). However, the rates remained higher than a year ago, after trending up in the previous quarters. 

Total employment fell by 7,300, following a drop of 6,800 in the first quarter, due to sustained declines in Work Permit Holders in construction (-10, 500 from -12,500 in Q1) and manufacturing (-3,600 from -4,400). Meantime, services sector saw employmrent rose at a slower pace (7,000 from 10,000).

Some 3,640 workers were laid off, lower than 4,000 workers in the March quarter and a year ago (4,800). The decline was observed across all broad sectors.  About 64 percent of retrenchments were from services, mainly in professional services (17 percent), financial services (12 percent) and wholesale trade (12 percent).

The rate of re-entry among retrenched residents was 64.0 percent, similar to the compared to the previous quarter. 

The number of job vacancies among private sector establishments with at least 25 employees and the public sector increased. As a result of higher vacancies and a lower number of job seekers, the seasonally adjusted job vacancies to unemployed ratio improved for the second consecutive quarter to 85 job vacancies for every 100 employed, compared to March 2017 (81) and December 2016 (77).

The seasonally adjusted recruitment rate was unchanged from the previous quarter (2.1 percent). Meanwhile, resignation rate declined slightly to 1.7 percent (from 1.8 percent in the March quarter after holding steady since Q1 2016).

Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
9/14/2017 4:06:21 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-13 02:30 AM Unemployment Rate Final 2.2% 2.2% 2.3% 2.3%
2017-07-28 02:30 AM Unemployment Rate Prel 2.2% 2.2% 2.2%
2017-09-14 02:30 AM Unemployment Rate Final 2.2% 2.2% 2.2%
2017-10-27 02:30 AM Unemployment Rate Prel 2.2% 2.3%
2017-12-13 02:30 AM Unemployment Rate Final 2.2% 2.3%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.20 6.00 1.40 percent [+]
Employed Persons 3672.60 3655.60 3672.60 1714.20 Thousand [+]
Unemployed Persons 102.80 94.60 124.10 25.80 Thousand [+]
Average Weekly Hours 45.50 45.60 46.30 45.50 [+]
Labor Force Participation Rate 68.00 68.30 68.30 55.30 percent [+]
Labour Costs 109.40 123.30 136.30 57.37 Index Points [+]
Productivity 109.40 123.30 136.30 57.37 Index Points [+]
Job Vacancies 50000.00 45300.00 67400.00 12000.00 [+]
Wages 4939.00 5586.00 5586.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 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 -7.80 8.50 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 6.00 1.40 1986 - 2017 percent Quarterly




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.70 Aug/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.40 Jul/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17