Singapore Unemployment Rate  1986-2017 | Data | Chart | Calendar

Singapore’s seasonally adjusted unemployment rate rose to 2.2 percent in the fourth quarter of 2016 from 2.1 percent in the previous two quarters and in line with preliminary estimates. It was the highest jobless rate since the December quarter 2010, as more people entered the labour force while layoff went up the most since the June quarter 2009. In the three months to December, the jobless rate for residents were up to 3.2 percent (from 2.9 percent in the third quarter) and the rate for citizens also increased to 3.5 percent (from 3.0 percent). For full 2016, the annual average unemployment rate increased to 2.1 percent from 1.9 percent in 2015. It was the highest annual jobless rate since 2010 . Unemployment Rate in Singapore averaged 2.46 percent from 1986 until 2016, 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.

Singapore Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-13 02:30 AM Q3 2.1% 2.1% 2.1%
2017-01-26 02:30 AM Q4 2.2% 2.1% 2.2% 2.1%
2017-03-15 02:30 AM Q4 2.2% 2.2% 2.2%
2017-04-28 02:30 AM Q1 2.2% 2.2%
2017-06-13 02:30 AM Q1 2.2%
2017-07-28 02:30 AM Q2 2.2%




Singapore Jobless Rate Confirmed At 6-Year High In Q4


Singapore’s seasonally adjusted unemployment rate rose to 2.2 percent in the fourth quarter of 2016 from 2.1 percent in the previous two quarters and in line with preliminary estimates. It was the highest jobless rate since the December quarter 2010, as more people entered the labour force while layoff went up the most since the June quarter 2009.

In the three months to December, the jobless rate for residents were up to 3.2 percent (from 2.9 percent in the third quarter) and the rate for citizens also increased to 3.5 percent (from 3.0 percent). 

Some 5,440 workers were laid off, up from 4,220 workers in the September quarter and was the highest since Q2 2009 (5,980).

The rate of re-entry among residents made redundant rose for the second straight quarter. About 52 percent of residents made redundant in the third quarter of 2016 secured employment by December 2016, up from 49 percent from the previous quarter.

Job vacancies decreased to 44,500 (from 53,800 in the September quarter) and was also lower compared to the same period a year earlier (50,600). 

Reflecting seasonal hiring for year-end festivities, total employment grew in the fourth quarter of 2016 (2,300), compared to a contraction in the prior quarter (-2,700), but growth was lower than the fourth quarter 2015 (16,100). 

For full 2016, the annual average unemployment rate increased to 2.1 percent from 1.9 percent in 2015. It was the highest annual jobless rate since 2010. Unemployment among resident went up to 3.0 percent (from 2.8 percent in 2015) while those among citizens went up to 3.1 percent (from 2.9 percent). The increase was broad based across most age and education groups.

Total employment in 2016 increased by 8,600, the lowest growth since 2003 (-11,700). Employment in services sectors such as community, social & personal services rose (20,200), followed by accommodation & food services (6,000), administrative & support services (4,200) and transportation & storage (4,100). In contrast, a decline was seen in manufacturing (-15,500) and construction (-11,500).

In 2016, redundancies rose to 19,170, mainly due to business restructuring and reorganisation, high costs and
downturn in industry. The bulk of redundancies were in professional services (14 percent), fabricated metal products (12 percent) and financial services (12 percent). Redundancies have trended up since 2010.

The annual average rate of re-entry among residents made redundant fell for the second consecutive year to 48 percent, the lowest since the comparable series started in 2010 (53 percent). The decline was observed across all age, education and occupational groups.

Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
3/15/2017 6:43:56 AM



Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.10 6.00 1.40 percent [+]
Employed Persons 3672.60 3655.60 3672.60 1714.20 Thousand [+]
Unemployed Persons 102.80 94.60 124.10 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 118.80 110.90 136.30 57.37 Index Points [+]
Productivity 118.80 110.90 136.30 57.37 Index Points [+]
Job Vacancies 44500.00 53800.00 67400.00 12000.00 [+]
Wages 5379.00 4646.00 5483.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD/Month [+]
Population 5.60 5.54 5.60 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 1.90 -3.30 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.10 6.00 1.40 1986 - 2016 percent Quarterly



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North Korea 4.10 Dec/14
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Cameroon 4.00 Dec/13
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Taiwan 3.83 Feb/17
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