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

Singapore’s seasonally adjusted jobless rate stood at 2.1 percent in the second quarter of 2016, up from 1.9 percent in the previous quarter and above market expectations, preliminary estimates showed. It was the highest jobless rate since the March quarter 2014. 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
2.10 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-28 02:30 AM Q1 1.9% 1.9% 2.0%
2016-06-13 02:30 AM Q1 1.9% 1.9% 1.9%
2016-07-28 02:30 AM Q2 2.1% 1.9% 1.9% 2.0%
2016-09-15 02:30 AM Q2 1.9% 2.1% 2.1%
2016-10-27 02:30 AM Q3 2.1%
2016-12-15 02:30 AM Q3

Singapore Jobless Rate Highest in Over 2 Years


Singapore’s seasonally adjusted jobless rate stood at 2.1 percent in the second quarter of 2016, up from 1.9 percent in the previous quarter and above market expectations, preliminary estimates showed. It was the highest jobless rate since the March quarter 2014.

In the June quarter, the jobless rate for residents were up to 3.0 percent from 2.7 percent in the March quarter and the rate for citizens also increased to 3.1 percent from 2.6 percent. 

Some 5,500 workers were made redundant in the June quarter of 2016, up from 4,710 in the preceding quarter and higher than 3,250 a year ago. It was the highest quarterly figure since the second quarter 2009. Over the quarter, layoffs in manufacturing fell (1,600 from 1,790), while it increased in services (3,400 from 2,530) and was relatively unchanged for construction (400 from 390).

Total employment is estimated to have increased by 5,500 in the three months to June 2016. Amid subdued global economic conditions, the pace of growth was slower than in the first quarter of 2016 (13,000) and in the second quarter of 2015 (9,700). There was a broad-based slowdown in employment growth across the three sectors. Services grew by 8,600, slower than in the previous quarter (13,200). Employment in manufacturing continued to trend down (-3,400). Construction employment remained relatively unchanged (400) in second quarter 2016, after the 1,900 increase in the preceding quarter.

Ministry of Manpowerl Rida Husna | rida@tradingeconomics.com
7/28/2016 4:17:46 AM

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 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 45.60 46.00 46.30 45.60 [+]
Labor Force Participation Rate 68.30 66.70 67.00 55.30 percent [+]
Labour Costs 109.90 124.40 136.30 57.37 Index Points [+]
Productivity 109.90 124.40 136.30 57.37 Index Points [+]
Job Vacancies 49200.00 50600.00 67400.00 12000.00 [+]
Wages 5483.00 5205.00 5483.00 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 [+]
Employment Change 5.50 13.00 73.20 -26.00 Thousands Person [+]




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