Singapore Unemployment Rate

Unemployment Rate in Singapore increased to 2 percent in the first quarter of 2014 from 1.80 percent in the fourth quarter of 2013. Unemployment Rate in Singapore averaged 2.50 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.

   
 
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Singapore Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.80 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.


Singapore Unemployment Rate Up To 2%


Singapore’s seasonally adjusted jobless rate was recorded at 2.0 percent in the first quarter of 2014, up from 1.8 percent in the previous period, and revised from a 2.1 percent flash estimate.

The unemployment rate increase for residents in 2.9 percent in the first quarter of 2014 from to 2.7 percent in the previous quarter, and increased to 3.0 percent for citizens from 2.8 percent, reflect increased job search activity as more residents, especially the less educated, were encouraged to enter the labour force, given more job openings and an increase in wages.

The long-term unemployment rate stayed low at 0.6 percent in the first quarter of 2014. There were 12,900 residents who had been looking for work for at least 25 weeks in the first quarter of 2014, down from 13,700 a year earlier.

Total employment grew by 28,300 in the first quarter of 2014, lower than the seasonally high increase of 40,600 in the last quarter of 2013 but broadly comparable to the 28,900 in the first quarter of 2013. This brought total employment to 3,552,200 in March of 2014, which was 4.0 percent higher than a year ago. This year-on-year rate of growth in total employment is similar to the 4.1 percent growth a quarter ago.

Ministry of Manpower | Isabel Felino | isabel.felino@tradingeconomics.com
6/13/2014 10:30:14 AM


Recent Releases

Singapore Unemployment Rate Rises in Q1
Singapore’ seasonally adjusted jobless rate increased to 2.1 percent in the first three months of 2014, up from 1.8 percent recorded in the previous quarter and 1.9 percent a year earlier. Published on 2014-04-30

Singapore Unemployment Rate Confirmed at 1.8% in Q4
Singapore’s jobless rate was recorded at 1.8 percent in the last three months of 2013, unchanged from the previous quarter and matching preliminary estimates. Published on 2014-03-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-29 02:00 AM Singapore
Unemployment Rate-Prel
Q4 2013 1.8% 1.8% 1.8%
2014-03-14 02:00 AM Singapore
Unemployment Rate - Final
Q4 2013 1.8% 1.8% 1.8% 1.8%
2014-04-30 03:00 AM Singapore
Unemployment Rate-Prel
Q1 2014 2.1% 1.8% 1.8% 1.8%
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% 1.9%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.00 1.80 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 60500.00 56500.00 61900.00 12000.00 [+]
Productivity 131.85 125.56 136.30 57.37 Index Points [+]
Wages 5108.00 4998.00 5108.00 1302.00 SGD [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD [+]
Labour Costs 131.85 125.56 136.30 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 [+]





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