Singapore Unemployment Rate - Forecast

Unemployment Rate in Singapore is expected to be 2.10 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 2.50 percent in 2020, according to our econometric models.


Singapore Unemployment Rate
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Singapore Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2 2.1 2.2 2.2 2.1 2.5
Employed Persons 3670 3700 3700 3750 3750 3800
Unemployed Persons 107 109 109 107 107 113
Average Weekly Hours 45 45 45 44.8 44.8 45
Labor Force Participation Rate 67.7 69 69 71 71 71.5
Labour Costs 122 109 121 122 110 122
Productivity 122 109 121 122 110 124
Job Vacancies 52100 55200 55640 54400 54290 58810
Wages 5808 4820 5750 5850 5400 6200
Population 5.61 5.64 5.64 5.66 5.66 5.72
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Employment Change 1.2 -1.5 5.1 0.1 2.6 12.2