Singapore Unemployment Rate 1986-2014 | Data | Chart | Calendar

Unemployment Rate in Singapore remained unchanged at 2 percent in the third quarter of 2014 from 2 percent in the second 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


Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 6.00 1.40 1986 - 2014 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 Tuesday, December 23, 2014.


Singapore Unemployment Rate Revised to 2% in Q3


Singapore’s seasonally adjusted jobless rate increased to 2.0 percent in the third quarter of 2014, unchanged from the previous period, but up from a preliminary estimate of 1.9 percent, as an increase in the rate of re-entry into employment was unable to offset higher layoffs from business restructuring.

In the third quarter of 2014, the jobless rate for residents and citizens remained flat from the previous quarter at 2.8 percent and 2.9 percent, respectively.

Some 3,500 workers were laid off in September quarter, up from 2,410 in the preceding quarter and 2,710 in the same quarter last year. Redundancy rose over the quarter for services and manufacturing, while construction posted a slight decline. Services (58 percent) contributed to the bulk of the layoffs, followed by manufacturing (36 percent) and construction (5.9 percent). The rate of re-entry into employment within six months of redundancy improved for the second consecutive quarter. Out of 55 precent of the residents made redundant in the second quarter of 2014 secured employment by September 2014, up from 53 percent in June 2014.

The long-term unemployment rate improved year-on-year at 0.5 percent from 0.6 percent a year ago. There were 10,800 residents who had been looking for work for at least 25 weeks during July to September of 2014, down from 12,600 a year earlier. The long-term unemployment rate declined over the year for tertiary-educated residents and those with post-secondary qualifications, while it increased for those with secondary or lower qualifications.

Total employment grew by 33,400 in the third quarter of 2014, up from the increase of 27,700 in the preceding quarter and largely unchanged from the 33,100 in the third quarter of 2013. This brought total employment to 3,583,200 in September of 2014, which was 3.8 percent higher than a year ago. This year-on-year rate of growth in total employment remained unchanged from a quarter ago.

Most of the employment gains in the third quarter of 2014 were in services (29,400), especially in community, social & personal services (6,500), wholesale & retail trade (5,000), professional services (4,500) and financial & insurance services (3,800). Employment in construction and manufacturing rose by 3,700 and 500 respectively.

Compared to the same quarter last year, the unemployment rate at that time registered at 1.8 percent.

Ministry of Manpower l Rida l rida@tradingeconomics.com
12/15/2014 11:16:31 AM


Recent Releases

Singapore Unemployment Rate Falls Slightly
Singapore’s seasonally adjusted jobless rate decreased marginally to 1.9 percent in the third quarter of 2014 from 2 percent in the previous period, according to preliminary estimates. The rates for residents and citizens remained low at 2.8 percent and 2.9 percent respectively and employment growth was largely unchanged. Published on 2014-10-31

Singapore Unemployment Rate Confirmed at 2% in Q2
Singapore’s seasonally adjusted jobless rate was recorded at 2.0 percent in the second quarter of 2014, unchanged from the previous period and matching a preliminary estimate, as job openings continued to outnumber job seekers. Published on 2014-09-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-15 03:00 AM
Unemployment Rate-Final  Q2
2.0% 2.0% 2.0% 2.0%
2014-10-31 02:00 AM
Unemployment Rate  Q3
1.9% 2.0% 2.0% 2.1%
2014-12-15 02:00 AM
Unemployment Rate Final  Q3
2.0% 2.0% 1.9% 1.9%
2015-01-30 02:00 AM
Unemployment Rate - Prel  Q4
2.0% 2.1%
2015-03-13 02:00 AM
Unemployment Rate - Final  Q4
2.0%
2015-04-30 03:00 AM
Unemployment Rate - Prel  Q1
2%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.00 2.00 6.00 1.40 percent [+]
Employed Persons 3492.50 3358.10 3492.50 1714.20 Thousand [+]
Unemployed Persons 90.70 87.10 124.10 25.80 Thousand [+]
Job Vacancies 63900.00 60500.00 63900.00 12000.00 [+]
Productivity 103.30 103.40 136.30 57.37 Index Points [+]
Wages 4314.00 4445.00 5108.00 1302.00 SGD [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD [+]
Labour Costs 103.30 103.40 136.30 57.37 Index Points [+]
Population 5.40 5.31 5.40 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 6.30 Nov/14 6.20 10.90 4.00 percent [+]
Brazil 4.80 Nov/14 4.70 13.10 4.30 percent [+]
Canada 6.60 Nov/14 6.50 13.10 2.90 percent [+]
China 4.10 Aug/14 4.10 4.30 3.90 percent [+]
Euro Area 11.50 Oct/14 11.50 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 4.90 Oct/14 5.00 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 13.20 Oct/14 12.90 13.20 5.90 percent [+]
Japan 3.50 Oct/14 3.60 5.60 1.00 percent [+]
Mexico 4.53 Nov/14 4.78 5.93 2.22 percent [+]
Netherlands 8.00 Nov/14 8.00 8.80 3.40 percent [+]
Russia 5.20 Nov/14 5.10 14.10 4.80 percent [+]
South Korea 3.40 Nov/14 3.50 7.10 2.90 percent [+]
Spain 23.67 Aug/14 24.47 26.94 4.41 percent [+]
Switzerland 3.20 Nov/14 3.10 5.40 1.60 percent [+]
Turkey 10.50 Sep/14 10.10 16.10 8.00 percent [+]
United Kingdom 6.00 Oct/14 6.00 12.00 3.40 percent [+]
United States 5.80 Nov/14 5.80 10.80 2.50 percent [+]