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

Unemployment Rate in Singapore decreased to 1.90 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.

   
 
 

Singapore Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.90 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 Friday, October 31, 2014.


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.

Layoffs increased in the third quarter of 2014, reflecting business restructuring. While some increase in layoffs is expected as businesses restructure, unemployment has remained low as the economy continues to create jobs. 

Overall employment growth in the third quarter of 2014 (27,100) was largely unchanged from the previous quarter (27,700), though it was lower than a year ago (33,100). This brought total employment to 3,577,000 in September 2014, which was 3.6 percent higher than a year ago but lower than the 3.8 percent in June 2014.

Redundancy rose in the third quarter of 2014, reflecting business restructuring. Some 3,400 workers were made redundant in the third quarter of 2014. This was higher than the 2,410 workers affected in the preceding quarter and 2,710 in the third quarter of 2013. Services sector accounted for slightly more than half of the layoffs in third quarter 2014.

Ministry of Manpower | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2014 8:52:31 AM


Recent Releases

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

Singapore Jobless Rate Holds Steady at 2% in Q2
Singapore’s seasonally adjusted unemployment rate remained unchanged at 2.0 percent in the second quarter of 2014, signaling the labor market in the country remained tight. Published on 2014-07-31


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-06-13 03:00 AM Singapore
Unemployment Rate - Final
Q1 2014 2.0% 1.8% 2.1% 2.1%
2014-07-31 03:00 AM Singapore
Unemployment Rate
Q2 2014 2.0% 2.0% 2.0% 1.9%
2014-09-15 03:00 AM Singapore
Unemployment Rate-Final
Q2 2014 2.0% 2.0% 2.0% 2.0%
2014-10-31 02:00 AM Singapore
Unemployment Rate
Q3 2014 1.9% 2.0% 2.0% 2.1%
2014-12-15 02:00 AM Singapore
Unemployment Rate Final
Q3 2014 2.0% 1.9% 1.9%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.90 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 112.06 132.98 136.30 57.37 Index Points [+]
Wages 4445.00 5108.00 5108.00 1302.00 SGD [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD [+]
Labour Costs 112.06 132.98 136.30 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 [+]