Singapore Unemployment Rate  1986-2016 | Data | Chart | Calendar

Singapore’s seasonally adjusted jobless rate stood at 1.9 percent in the first quarter of 2015, the same figure as in the previous quarter, preliminary estimates showed. The jobless rate for residents was down to 2.7 percent from 2.9 percent in the December quarter and the rate for citizens also fell to 2.6 percent from 3.0 percent. Total employment grew by 11,400 in the March quarter, down from 16,100 in the previous three months and a reversal from a decline (-6,100) in the first quarter of 2015. Unemployment Rate in Singapore averaged 2.46 percent from 1986 until 2016, 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 reported by the Ministry of Manpower Singapore.

Singapore Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.90 6.00 1.40 1986 - 2016 percent Quarterly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-28 02:30 AM Q4 1.9% 2.0% 2.1% 2%
2016-03-15 02:30 AM Q4 1.9% 2.0% 1.9% 1.9%
2016-04-28 02:30 AM Q1 1.9% 1.9% 2.0%
2016-06-15 02:30 AM Q1 1.9%
2016-07-25 02:30 AM Q2 2.1%
2016-09-15 02:30 AM Q2

Singapore Jobless Rate Steady at 1.9% in Q1


Singapore’s seasonally adjusted jobless rate stood at 1.9 percent in the first quarter of 2016, the same figure as in the previous quarter, preliminary estimates showed.

In the first quarter, the jobless rate for residents was down to 2.7 percent from 2.9 percent in the December quarter and the rate for citizens also fell to 2.6 percent from 3.0 percent. The decline was largely due to a lower labour force participation rate among youths aged 15 to 24.

Some 4,600 workers were made redundant in the first quarter of 2016, down from 5,370 in the preceding quarter and higher than 3,500 a year ago, amid ongoing business restructuring. Over the quarter, layoffs also fell in manufacturing and construction, and increased in services.

Total employment is estimated to have increased by 11,400 in the first quarter of 2016. This was slower than the seasonally high growth in the fourth quarter of 2015 (16,100) and was a reversal from the decline (-6,100) in the first quarter of 2015. The employment increase in the first quarter of 2016 was mainly driven by services (11,900 from 21,500 in the previous quarter). Employment in construction grew (1,600) while manufacturing employment continued to decline (-2,000) for the sixth consecutive quarter.

 

Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
4/28/2016 7:23:51 AM

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.90 1.90 6.00 1.40 percent [+]
Employed Persons 3655.60 3622.80 3655.60 1714.20 Thousand [+]
Unemployed Persons 94.60 90.70 124.10 25.80 Thousand [+]
Average Weekly Hours 46.00 46.20 46.30 46.00 [+]
Labor Force Participation Rate 68.30 66.70 67.00 55.30 percent [+]
Labour Costs 118.30 107.20 136.30 57.37 Index Points [+]
Productivity 118.30 107.20 136.30 57.37 Index Points [+]
Job Vacancies 50600.00 60000.00 67400.00 12000.00 [+]
Wages 5205.00 4493.00 5259.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD/Month [+]
Population 5.54 5.47 5.54 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 [+]




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