Labour Costs in Singapore remained unchanged at 99.50 Index Points in the third quarter of 2019 from 99.50 Index Points in the second quarter of 2019. Labour Costs in Singapore averaged 85.04 Index Points from 1980 until 2019, reaching an all time high of 110.80 Index Points in the first quarter of 2019 and a record low of 51.70 Index Points in the second quarter of 1980. source: Statistics Singapore

Labour Costs in Singapore is expected to be 120.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Singapore to stand at 120.50 in 12 months time. In the long-term, the Singapore Labour Costs is projected to trend around 122.00 Index Points in 2020, according to our econometric models.

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Singapore Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
99.50 99.50 110.80 51.70 1980 - 2019 points Quarterly
NSA, 2015=100

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.30 2.20 6.00 1.40 percent [+]
Employed Persons 3715.80 3669.50 3715.80 1714.20 Thousand [+]
Unemployed Persons 100.20 106.90 124.10 25.80 Thousand [+]
Average Weekly Hours 44.80 45.10 46.30 44.80 [+]
Labor Force Participation Rate 67.70 67.70 68.30 55.30 percent [+]
Productivity 99.50 99.50 110.80 51.70 points [+]
Labour Costs 99.50 99.50 110.80 51.70 points [+]
Job Vacancies 45000.00 48500.00 67400.00 12000.00 [+]
Wages 5183.00 5225.00 6005.00 1302.00 SGD/Month [+]
Population 5.64 5.61 5.64 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 26.70 5.50 73.20 -26.00 Thousands Person [+]