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. Unemployment Rate in Singapore averaged 2.43 percent from 1986 until 2018, 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.

Unemployment Rate in Singapore is expected to be 2.20 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 2.30 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.

Singapore Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 02:30 AM Unemployment Rate Final 2.1% 2.1% 2.1%
2019-01-31 02:30 AM Unemployment Rate Prel 2.2% 2.1% 2.20%
2019-03-14 02:30 AM Unemployment Rate Final 2.2% 2.1% 2.20%
2019-04-26 02:30 AM Unemployment Rate Prel 2.2% 2.2% 2.2% 2.2%
2019-06-13 02:30 AM Unemployment Rate Final 2.2% 2.2% 2.2%
2019-07-27 03:30 AM Unemployment Rate Prel 2.20%
2019-09-13 02:30 AM Unemployment Rate Final 2.20%



Singapore Q1 Jobless Rate Stays at 1-1/2-Year High

Singapore’s seasonally adjusted unemployment rate stood at 2.2 percent in the March quarter 2019, unchanged from the previous period, a preliminary estimate showed. It remained the highest jobless rate since the second quarter 2017, amid signs of external economic headwinds and uncertainties this year.

In the first quarter, the jobless rate was steady for residents (at 3.0 percent), while inched higher for citizens (3.2 percent vs 3.1 percent in Q4).

Total employment (excluding Foreign Domestic Workers/FDW) increased by 12,000, lower than the prior quarter (14,700) because of seasonal factors, but significantly higher than the first quarter 2018 (400). Employment growth mainly seen in services sectors such as community, social & personal services, administrative & support services, professional services, financial services, and transportation & storage. At the same time, amid improvement in private sector building activities, construction registered its first increase in employment, though only slight, after eleven straight quarters of decline. Meanwhile, employment in manufacturing continued to shed workers.

Some 2,500 workers were laid off, similar to the prior quarter (2,510), but slightly above the multi-quarter low in 1Q 2018 (2,320). Trends were mixed across industries. Retrenchments  remained unchanged over the quarter in construction, while  increased in manufacturing and declined in services. 


Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
4/26/2019 3:31:55 AM



Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 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 45.00 45.50 46.30 45.00 [+]
Labor Force Participation Rate 67.70 67.70 68.30 55.30 percent [+]
Labour Costs 117.00 108.30 136.30 57.37 Index Points [+]
Productivity 117.00 108.30 136.30 57.37 Index Points [+]
Job Vacancies 57800.00 63300.00 67400.00 12000.00 [+]
Wages 5752.00 4962.00 5808.00 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 14.70 16.90 73.20 -26.00 Thousands Person [+]


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. This page provides the latest reported value for - Singapore Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

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




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Mar/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


Related

Latest