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

Unemployment Rate in Singapore decreased to 1.81 percent in the first quarter of 2015 from 1.90 percent in the fourth quarter of 2014. Unemployment Rate in Singapore averaged 2.48 percent from 1986 until 2015, 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
1.81 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. Content for - Singapore Unemployment Rate - was last refreshed on Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.81% 1.9% 1.8% 1.8%
2015-07-31 03:00 AM Q2 1.8% 1.8%
2015-09-15 03:00 AM Q2 1.8%
2015-10-31 02:00 AM Q3 1.8%


Singapore Unemployment Rate Confirmed at 1.8% in Q1


Singapore’s seasonally adjusted jobless rate was recorded at 1.8 percent in the first quarter of 2015, marginally down from 1.9 percent in the previous quarter and matching preliminary estimates, as job openings outnumbered job seekers amid fewer redundancies.

In the first quarter of 2015, citizen unemployment fell to 2.6 percent from 2.7 percent in the previous quarter and resident unemployment declined to 2.5 percent from 2.7 percent.

Some 3,500 workers were made redundant in the first quarter of 2014, down from 3,910 workers in the preceding quarter. There were 1.7 workers made redundant per 1,000 employees in the first quarter of 2015, as compared to 1.9 in the preceding quarter and 1.6 a year earlier.

The rate of re-entry into employment fell slightly in March 2015, after trending up over the last three quarters. About 57 percent of residents made redundant in the fourth quarter of 2014 secured employment by March 2015, down  from 59 percent experienced by the previous cohort (laid off in the third quarter of 2014) in December 2014. 

Employment in the first quarter of 2015 declined in manufacturing (-6,900) and construction (-3,600). These losses were partly offset by continued increases in services (4,300), including community, social & personal services (6,500) and administrative & support services (2,000). Within the services sector, employment declines were concentrated in retail trade (-4,800), real estate services (-1,900) and accommodation & food services (-1,800). Overall, total employment contracted by 6,100 in the first quarter of 2015, reflecting seasonal declines and sharper moderation in employment growth in sectors with less favourable business conditions. In March 2015, total employment reached 3,617,800, 2.7 percent higher than a year ago.

The number of job openings held steady from the previous quarter and continued to outnumber job seekers. With fewer job seekers, the seasonally adjusted ratio of job vacancies to unemployed persons ticked up to 143 openings per 100 seekers in March 2015, from 142 in December 2014.

Ministry of Manpower l Rida Husna l rida@tradingeconomics.com
6/15/2015 4:04:03 AM


Recent Releases

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.
Published on 2015-05-04

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 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.
Published on 2014-12-15


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.81 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 63700.00 61200.00 67400.00 12000.00 [+]
Productivity 127.20 118.50 136.30 57.37 Index Points [+]
Wages 5259.00 5040.00 5259.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD/Month [+]
Labour Costs 127.20 118.50 136.30 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 [+]
Average Weekly Hours 46.00 46.20 46.30 46.00 [+]
Labor Force Participation Rate 67.00 66.70 67.00 55.30 Percent [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.00 May/15 6.10 10.90 4.00 percent [+]
Brazil 6.70 May/15 6.40 13.10 4.30 percent [+]
Canada 6.80 May/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.10 4.30 3.90 percent [+]
Euro Area 11.10 May/15 11.10 12.10 7.20 percent [+]
France 10.30 Mar/15 10.40 10.80 7.20 percent [+]
Germany 4.70 May/15 4.70 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.81 Mar/15 5.94 11.24 2.00 percent [+]
Italy 12.40 May/15 12.40 13.20 5.90 percent [+]
Japan 3.30 May/15 3.30 5.60 1.00 percent [+]
Mexico 4.45 May/15 4.31 5.93 2.22 percent [+]
Netherlands 6.90 May/15 7.00 7.90 3.60 percent [+]
Russia 5.60 May/15 5.80 14.10 4.80 percent [+]
South Korea 3.90 May/15 3.70 7.10 2.90 percent [+]
Spain 23.78 Mar/15 23.70 26.94 4.41 percent [+]
Switzerland 3.20 May/15 3.30 5.40 1.60 percent [+]
Turkey 10.60 Mar/15 11.20 14.80 7.30 percent [+]
United Kingdom 5.50 Apr/15 5.50 12.00 3.40 percent [+]
United States 5.30 Jun/15 5.50 10.80 2.50 percent [+]