Labour Costs in Singapore increased to 94.50 points in the fourth quarter of 2020 from 88.40 points in the third quarter of 2020. source: Statistics Singapore

Labour Costs in Singapore averaged 85.38 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 February of 2021.

Labour Costs in Singapore is expected to be 115.00 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 117.00 in 12 months time. In the long-term, the Singapore Labour Costs is projected to trend around 117.00 points in 2022 and 122.00 points in 2023, according to our econometric models.

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Singapore Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
94.50 88.40 112.10 51.70 1980 - 2020 points Quarterly
NSA, 2015=100

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.60 6.00 1.40 percent [+]
Employed Persons 3597.70 3778.00 3778.00 1714.20 Thousand [+]
Unemployed Persons 139.90 110.80 139.90 25.80 Thousand [+]
Average Weekly Hours 44.70 44.80 46.30 44.70 [+]
Labor Force Participation Rate 68.10 68.00 68.30 55.30 percent [+]
Productivity 94.50 88.40 112.10 51.70 points [+]
Labour Costs 94.50 88.40 112.10 51.70 points [+]
Job Vacancies 53300.00 42800.00 67400.00 12000.00 [+]
Wages 5214.00 5276.00 6148.00 1302.00 SGD/Month [+]
Population 5.70 5.70 5.70 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 -13.40 -32.10 73.20 -121.80 Thousands Person [+]