Singapore’s seasonally adjusted unemployment rate edged up to 2.4 percent in the first quarter of 2020 from 2.3 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the 2009 global financial crisis as labour market conditions worsened due to the coronavirus pandemic. Total employment (excluding Foreign Domestic Workers) fell 19,900 in Q1, its sharpest quarterly contraction since SARS. Overall retrenchments rose to 3,000 from 2,670 in Q4.

Unemployment Rate in Singapore averaged 2.43 percent from 1986 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Ministry of Manpower Singapore

Unemployment Rate in Singapore is expected to be 2.40 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 2.40 in 12 months time. In the long-term, the Singapore Unemployment Rate is projected to trend around 2.60 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Singapore Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.30 6.00 1.40 1986 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-12 02:30 AM Unemployment Rate Final Q3 2.3% 2.2% 2.3%
2020-01-30 02:30 AM Unemployment Rate Prel Q4 2.3% 2.3% 2.3% 2.2%
2020-03-12 02:30 AM Unemployment Rate Final Q4 2.3% 2.3% 2.30%
2020-04-29 06:30 AM Unemployment Rate Prel Q1 2.4% 2.3% 2.6%
2020-06-12 02:30 AM Unemployment Rate Final Q1 2.3% 2.4%
2020-07-24 02:30 AM Unemployment Rate Prel Q2 2.4%
2020-09-11 02:30 AM Unemployment Rate Final Q2
2020-10-23 02:30 AM Unemployment Rate Prel Q3 2.5%


News Stream
Singapore Q1 Jobless Rate Rises to Over a Decade High
Singapore’s seasonally adjusted unemployment rate edged up to 2.4 percent in the first quarter of 2020 from 2.3 percent in the previous period, a preliminary estimate showed. It was the highest jobless rate since the 2009 global financial crisis as labour market conditions worsened due to the coronavirus pandemic. Total employment (excluding Foreign Domestic Workers) fell 19,900 in Q1, its sharpest quarterly contraction since SARS. Overall retrenchments rose to 3,000 from 2,670 in Q4.
2020-04-29
Singapore Q4 Jobless Rate Confirmed at 2.3%
Singapore’s seasonally adjusted unemployment rate was at 2.3% in Q4 2019, the same as in Q3, remaining the highest figure in near a decade, and in line with the preliminary estimate. The jobless rate was unchanged for both residents (at 3.2%) and citizens (at 3.3%). Total employment (excluding Foreign Domestic Workers) grew 18,300 in Q4, lower than in Q3 (21,700) but higher than a year ago (14,700). Some 2,670 workers were laid off, up from that in Q3 (2,470) but down from the same period a year ago (2,510). For full 2019, jobless rate rose to 2.3%, the most since 2009, from 2.1% in 2018. The jobless rate went up for both resident (3.1% vs 2.9% in 2018) and citizens (3.3% vs 3%). Total employment grew 57,000, while retrenchments in 2019 (10,690) was similar to 2018 (10,730).
2020-03-12
Singapore Q4 Jobless Rate Stays at Near A Decade High
Singapore’s seasonally adjusted unemployment rate was at 2.3% in Q4 2019, the same as in Q3, remaining the highest figure in near a decade, a preliminary estimate showed. The jobless rate was unchanged for both residents (at 3.2%) and citizens (at 3.3%). Total employment (excluding Foreign Domestic Workers) grew 16,600 in Q4, lower than in Q3 (21,700) but higher than a year ago (14,700). Some 2,700 workers were laid off, down from that in Q3 (2,470) and the same period a year ago (2,510). For full 2019, jobless rate rose to 2.3% from 2.1% in 2018. The jobless rate went up for both resident (3.2% vs 2.9% in 2018) and citizens (3.3% vs 3.0%). Total employment grew 55,200, while retrenchments in 2019 (10,700) was similar to 2018 (10,730).
2020-01-30
Singapore Q3 Jobless Rate Confirmed at Near A Decade-High
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.
2019-12-12

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.