Singapore’s seasonally adjusted unemployment rate inched higher to 2.3 percent in the September quarter 2019 from 2.2 percent in the previous period and in line with the preliminary estimate. This was the highest jobless rate since the fourth quarter 2009, as more workers were retrenched while hiring sentiments remained cautious, with the number of job vacancies continuing to fall. Unemployment Rate in Singapore averaged 2.43 percent from 1986 until 2019, reaching an all time high of 6 percent in the first quarter of 1986 and a record low of 1.40 percent in the second quarter of 1990. source: Ministry of Manpower Singapore

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 2.50 in 12 months time. In the long-term, the Singapore Unemployment Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

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Singapore Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.20 6.00 1.40 1986 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-07-26 02:30 AM Unemployment Rate Prel Q2 2.2% 2.2% 2.20%
2019-09-12 02:30 AM Unemployment Rate Final Q2 2.2% 2.2% 2.2% 2.2%
2019-10-25 02:30 AM Unemployment Rate Prel Q3 2.3% 2.2% 2.2%
2019-12-12 02:30 AM Unemployment Rate Final Q3 2.3% 2.2% 2.3%
2020-01-31 02:30 AM Unemployment Rate Prel Q4 2.3% 2.2%


News Stream
2019-10-25
Singapore Q3 Jobless Rate Highest in Near A Decade
Singapore’s seasonally adjusted unemployment rate edged up to 2.3 percent in the September quarter 2019, the highest since the fourth quarter 2009, from 2.2 percent in the previous three periods, a preliminary estimate showed. The increase in unemployment rates occurred as more workers were retrenched when there were still vacancies available, suggesting some mismatch in the labour market.

2019-09-12
Singapore Q2 Jobless Rate Confirmed at 2.2%
Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter 2019, unchanged from the previous two periods and in line with the preliminary estimate and market expectations, final figure showed. This remained the highest jobless rate since the second quarter 2017 on the back of rising global economic headwinds, with job vacancies falling for the second straight quarter as hiring sentiments turned cautious.

2019-07-26
Singapore Jobless Rate Steady at 2.2% in Q2
Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the June quarter 2019, unchanged from the previous two periods, a preliminary estimate showed. It remained the highest jobless rate since the second quarter 2017, amid rising global uncertainties and ongoing trade tensions.

2019-06-13
Singapore Q1 Jobless Rate Confirmed at 1-1/2 Year-High
Singapore’s seasonally adjusted unemployment rate came in at 2.2 percent in the first quarter 2019, unchanged from the previous period's 1-1/2 year-high and in line with the preliminary estimate. Amid a slowdown in the economy, lay-offs rose while job vacancies fell for the first time in two years.

2019-04-26
Singapore Jobless Rate Holds Steady at 1-1/2-Year High
Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the first quarter 2019, unchanged from the previous period, a preliminary estimate showed. It remained the highest jobless rate since the second quarter of 2017, amid signs of external economic headwinds and uncertainties this year.

2019-03-14
Singapore Q4 Jobless Rate Confirmed at 1-1/2-Year High
Singapore’s seasonally adjusted unemployment rate rose to 2.2 percent in the December quarter 2018 from 2.1 percent in the previous period and in line with the preliminary estimate, final data showed. It was the highest jobless rate since the second quarter 2017 on the back of continued expansion in domestic economy. Considering full 2018, unemployment rate inched lower to 2.1 percent from 2.2 percent in 2017.


Singapore Unemployment Rate
In Singapore, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

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 [+]