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

Unemployment Rate in Singapore decreased to 1.90 percent in the fourth quarter of 2014 from 2.0 percent in the third 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.

     Forecast  
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 Sunday, April 26, 2015.


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.

In the fourth quarter of 2014, citizen unemployment fell to 2.6  percent from 2.9 percent in the previous quarter and resident unemployment declined to 2.6 percent from 2.8 percent.

Some 3,910 workers were made redundant in the fourth quarter of 2014, up from 3,500 workers in the preceding quarter. The rate of re-entry into employment improved for the third straight quarter. About 59 percent of residents made redundant in the third quarter of 2014 secured employment by December 2014, up from 55 percent experienced by the previous cohort (laid off in the second quarter of 2014) in September 2014. Total employment grew by 40,700, higher than the 33,400 gains in the preceding quarter.

For the whole of 2014, the annual average unemployment rate was broadly unchanged at 2.0 percent, as compared to 1.9 percent in 2013. Unemployment among citizens remained stable at 2.9 percent from a year earlier, while those among residents slightly fell to 2.7 percent from 2.8 percent. On average, 61,200 residents including 53,900 Singapore citizens were unemployed in 2014, as compared to the corresponding figures of 59,800 and 52,900 in the preceding year. Cumulatively, more workers were laid off in 2014 (12,930) than in 2013 (11,560). The increase in layoffs was mainly due to services (from 5,430 to 7,260) and construction (from 1,120 to 1,690), which more than offset the decline in layoffs in manufacturing (from 5,000 to 3,970). 

Total employment in 2014 grew by 130,100 ( 3.7 percent), lower than 136,200 ( 4.1 percent)  in 2013. The lower growth stemmed from continued moderation in foreign employment growth as local growth rose and outpaced foreigners for the second consecutive year. 

Overall, the Singapore labor market is expected to remain tight in 2015. The Ministry of Trade and Industry expects the country's economy to grow between 2.0 to 4.0 percent in 2015. Labor demand will remain tight in 2015, with the services sector expected to be a major contributor to employment growth.  With labour supply remaining tight, there is likely to be upward pressure on wages in labour-intensive sectors such as construction, retail, and food services.

Ministry of Manpower l Rida Husna l rida@tradingeconomics.com
3/13/2015 4:27:05 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-15 02:00 AM
Unemployment Rate Final  Q3
2.0% 2.0% 1.9% 1.9%
2015-01-30 02:30 AM
Unemployment Rate Prel  Q4
1.9% 2.0% 2.1%
2015-03-13 02:30 AM
Unemployment Rate Final  Q4
1.9% 2.0% 1.9% 1.9%
2015-04-30 03:30 AM
Unemployment Rate Prel  Q1
1.9% 2%
2015-06-15 03:00 AM
Unemployment Rate Final  Q1
1.9%
2015-07-31 03:00 AM
Unemployment Rate - Prel  Q2
2%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.90 2.00 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 61200.00 67400.00 67400.00 12000.00 [+]
Productivity 118.50 102.60 136.30 57.37 Index Points [+]
Wages 5040.00 4314.00 5108.00 1302.00 SGD [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD [+]
Labour Costs 118.50 102.60 136.30 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 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.10 Mar/15 6.20 10.90 4.00 percent [+]
Brazil 5.90 Feb/15 5.30 13.10 4.30 percent [+]
Canada 6.80 Mar/15 6.80 13.10 2.90 percent [+]
China 4.10 Mar/15 4.05 4.30 3.90 percent [+]
Euro Area 11.30 Feb/15 11.40 12.00 7.20 percent [+]
France 10.40 Nov/14 10.30 10.80 7.20 percent [+]
Germany 4.80 Feb/15 4.80 14.20 0.40 percent [+]
India 4.90 Dec/13 5.20 9.40 4.90 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.70 Feb/15 12.60 13.20 5.90 percent [+]
Japan 3.50 Feb/15 3.60 5.60 1.00 percent [+]
Mexico 4.33 Feb/15 4.51 5.93 2.22 percent [+]
Netherlands 7.00 Mar/15 7.10 7.90 3.60 percent [+]
Russia 5.90 Mar/15 5.80 14.10 4.80 percent [+]
South Korea 3.70 Mar/15 3.90 7.10 2.90 percent [+]
Spain 23.78 Feb/15 23.70 26.94 4.41 percent [+]
Switzerland 3.40 Mar/15 3.50 5.40 1.60 percent [+]
Turkey 11.30 Jan/15 10.90 16.10 8.00 percent [+]
United Kingdom 5.60 Feb/15 5.70 12.00 3.40 percent [+]
United States 5.50 Mar/15 5.50 10.80 2.50 percent [+]