Labour Costs in Singapore decreased to 79.70 points in the second quarter of 2020 from 112.10 points in the first quarter of 2020. source: Statistics Singapore

Labour Costs in Singapore averaged 85.30 points from 1980 until 2020, reaching an all time high of 112.10 points in the first quarter of 2020 and a record low of 51.70 points in the second quarter of 1980. This page provides - Singapore Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labour Costs - values, historical data and charts - was last updated on November of 2020.

Labour Costs in Singapore is expected to be 100.00 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 80.50 in 12 months time. In the long-term, the Singapore Labour Costs is projected to trend around 117.00 points in 2021 and 122.00 points in 2022, according to our econometric models.

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Singapore Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
79.70 112.10 112.10 51.70 1980 - 2020 points Quarterly
NSA, 2015=100

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 2.80 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 -32.10 -121.80 73.20 -121.80 Thousands Person [+]