Singapore Unemployment Rate 1986-2015 | Data | Chart | Calendar

Unemployment Rate in Singapore decreased to 1.80 percent in the first quarter of 2015 from 1.9 percent in the fourth quarter of 2014. Unemployment Rate in Singapore averaged 2.49 percent from 1986 until 2014, 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.

      Forecast
Singapore Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.90 6.00 1.40 1986 - 2015 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 - Singapore Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Singapore Unemployment Rate - was last refreshed on Saturday, May 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-30 02:30 AM Q4 1.9% 2.0% 2.1%
2015-03-13 02:30 AM Q4 1.9% 2.0% 1.9% 1.9%
2015-05-04 02:15 AM Q1 1.8% 1.9% 2%
2015-06-15 03:30 AM Q1 1.9% 1.8% 1.8%
2015-07-31 03:00 AM Q2 2%
2015-09-15 03:00 AM Q2


Singapore Unemployment Rate Falls Slightly in Q1


Singapore’s seasonally adjusted jobless rate decreased marginally to 1.8 percent in the first quarter of 2015 from 1.9 percent in the previous period, according to preliminary estimates. The rates for residents and citizens also trended lower to 2.5 percent and 2.6 percent respectively and employment growth slowed.

Layoffs decreased across all sectors in the first quarter of 2015. Services formed the majority of layoffs (1,900 or 54 percent), followed by manufacturing (900 0r 26 percent) and construction (700 or 20 percent).

Overall employment slowed in the first quarter of 2015 (300) compared to the seasonally high gains in the previous quarter (40,700) and also moderated from a year ago (28,300). The moderation in the first quarter of 2015 was more significant compared to previous years, due to a large decline in the retail, F&B and cleaning industries. Services employment slowed to 9,300 from 24,900 a year ago. Employment in manufacturing contracted more quickly (-6,400) than a previous year (-1,400) amid weakening exports. Construction employment also shrank (-2,800), in contrast to gains a year ago (4,700). These brought total employment to 3,642,200 in March 2015, which was 2.9 percent higher than a year ago and lower than the 3.7 percent in December 2014.

Some 3,500 workers were made redundant in the first quarter of 2015, fewer than in the preceding quarter (3,910), but still above the first quarter 2014 (3,110).

Ministry of Manpower l Rida Husna l rida@tradingeconomics.com
5/4/2015 3:17:06 AM


Recent Releases

Singapore Unemployment Rate Confirmed at 1.9% in Q4
Singapore’s seasonally adjusted jobless rate was recorded at 1.9 percent in the fourth quarter of 2014, marginally down from 2.0 percent in the previous quarter and matching preliminary estimates, as an increase in the rate of re-entry into employment was able to offset higher layoff from business restructuring. Published on 2015-03-13

Singapore Jobless Rate Falls Slightly in Q4
Singapore’s seasonally adjusted unemployment rate decreased marginally to 1.9 percent in the fourth quarter of 2014 from 2 percent in the previous period, according to preliminary estimates. Published on 2015-01-30


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.80 1.90 6.00 1.40 percent [+]
Employed Persons 3622.80 3492.50 3622.80 1714.20 Thousand [+]
Unemployed Persons 90.70 90.70 124.10 25.80 Thousand [+]
Job Vacancies 61200.00 67400.00 67400.00 12000.00 [+]
Productivity 118.50 102.60 136.30 57.37 Index Points [+]
Wages 5040.00 4314.00 5108.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD/Month [+]
Labour Costs 118.50 102.60 136.30 57.37 Index Points [+]
Population 5.47 5.40 5.47 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 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.20 Apr/15 6.10 10.90 4.00 percent [+]
Brazil 6.40 Apr/15 6.20 13.10 4.30 percent [+]
Canada 6.80 Apr/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.10 4.30 3.90 percent [+]
Euro Area 11.30 Mar/15 11.30 12.00 7.20 percent [+]
France 10.40 Nov/14 10.30 10.80 7.20 percent [+]
Germany 4.70 Mar/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.00 Mar/15 12.70 13.20 5.90 percent [+]
Japan 3.30 Apr/15 3.40 5.60 1.00 percent [+]
Mexico 4.31 Apr/15 3.86 5.93 2.22 percent [+]
Netherlands 7.00 Apr/15 7.00 7.90 3.60 percent [+]
Russia 5.80 Apr/15 5.90 14.10 4.80 percent [+]
South Korea 3.70 Apr/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Feb/15 23.70 26.94 4.41 percent [+]
Switzerland 3.30 Apr/15 3.40 5.40 1.60 percent [+]
Turkey 11.20 Feb/15 11.30 14.80 7.30 percent [+]
United Kingdom 5.50 Mar/15 5.60 12.00 3.40 percent [+]
United States 5.40 Apr/15 5.50 10.80 2.50 percent [+]