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

Singapore’s seasonally adjusted jobless rate stood at 2.1 percent in the third quarter of 2016, unchanged from the previous quarter, preliminary estimates showed. The jobless rate remained broadly similar for resident (2.9 percent from 3.0 percent in the second quarter) and citizens (3.0 percent from 3.1 percent). Some 4,100 workers were made redundant in the third quarter 2016, down from 4,800 in the preceding quarter but higher than 3,460 a year ago. Total employment is estimated to have contracted by 3,300 in the three months to September, following a slower growth in the previous two quarters. It was the second contraction since 2008/2009 recession and the weakest quarterly result since the March quarter 2015. Unemployment Rate in Singapore averaged 2.46 percent from 1986 until 2016, reaching an all time high of 6.00 percent in the first quarter of 1986 and a record low of 1.40 percent in the second quarter of 1990.

Singapore Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-28 02:30 AM Q2 2.1% 1.9% 1.9% 2.0%
2016-09-15 02:30 AM Q2 2.1% 1.9% 2.1% 2.1%
2016-10-27 02:30 AM Q3 2.1% 2.1% 2.1%
2016-12-13 02:30 AM Q3 2.1% 2.1%
2017-01-28 02:30 AM Q4
2017-03-15 02:30 AM Q4




Singapore Jobless Rate Steady at 2.1% in Q3


Singapore’s seasonally adjusted jobless rate stood at 2.1 percent in the third quarter of 2016, unchanged from the previous quarter, preliminary estimates showed.

In the September quarter, the jobless rate remained broadly similar for resident (2.9 percent from 3.0 percent in the three months to June) and citizens (3.0 percent from 3.1 percent). 

Some 4,100 workers were made redundant, down from 4,800 in the preceding quarter but higher than 3,460 a year ago, amid subdued global conditions and internal economic restructuring. Over the quarter, layoffs s fell in services and manufacturing, while it increased in construction. Services continued to form the bulk of redundancies (59 percent), followed by manufacturing (27 percent) and construction (15 percent).

Total employment is estimated to have contracted by 3,300 in the three months to September 2016, following a slower growth in the previous two quarters. It was the second contraction since 2008/2009 recession and the weakest quarterly result since the March quarter 2015. Employment declined in manufacturing (-3,700) for the eighth consecutive quarter. It also turned negative in construction (-5,200), after four quarters of moderated growth. Employment growth in services (5,700) was slower than in the previous quarter (7,600).

Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
10/27/2016 3:33:57 AM



Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.10 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 110.90 109.90 136.30 57.37 Index Points [+]
Productivity 110.90 109.90 136.30 57.37 Index Points [+]
Job Vacancies 50500.00 49200.00 67400.00 12000.00 [+]
Wages 4789.00 5483.00 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 -3.30 5.50 73.20 -26.00 Thousands Person [+]



Singapore Unemployment Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.10 6.00 1.40 1986 - 2016 percent Quarterly



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