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.