Labor Force Participation Rate in Singapore increased to 68 percent in 2019 from 67.70 percent in 2018.

Labor Force Participation Rate in Singapore averaged 64.61 percent from 1970 until 2019, reaching an all time high of 68.30 percent in 2015 and a record low of 55.30 percent in 1970. This page provides - Singapore Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020. source: Statistics Singapore

Labor Force Participation Rate in Singapore is expected to reach 68.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Labor Force Participation Rate is projected to trend around 68.00 percent in 2021, according to our econometric models.

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Singapore Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
68.00 67.70 68.30 55.30 1970 - 2019 percent Yearly

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 2.40 6.00 1.40 percent [+]
Employed Persons 3778.00 3715.80 3778.00 1714.20 Thousand [+]
Unemployed Persons 110.80 100.20 124.10 25.80 Thousand [+]
Average Weekly Hours 44.70 44.80 46.30 44.70 [+]
Labor Force Participation Rate 68.00 67.70 68.30 55.30 percent [+]
Productivity 79.70 112.10 112.10 51.70 points [+]
Labour Costs 79.70 112.10 112.10 51.70 points [+]
Job Vacancies 42800.00 44400.00 67400.00 12000.00 [+]
Wages 5276.00 6148.00 6148.00 1302.00 SGD/Month [+]
Population 5.71 5.64 5.71 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 -121.80 -19.50 73.20 -121.80 Thousands Person [+]


Singapore Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.