Singapore Unemployment Rate  1986-2016 | Data | Chart | Calendar

Singapore’s seasonally adjusted jobless rate stood at 1.9 percent in the fourth quarter of 2015, slightly down from 2.0 percent in the previous quarter and below market expectations, preliminary estimates showed. The jobless rate for residents declined to 2.9 percent in the December quarter from 3.0 percent in the September quarter. The rate for citizens also fell to 3.0 percent from 3.1 percent. For full year of 2015, unemployment was recorded at 1.9 percent, 2.8 percent for residents and 2.9 percent for citizens, broadly unchanged since 2011. Unemployment Rate in Singapore averaged 2.47 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.

Singapore Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.00 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. 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-29 02:30 AM Q3 2.0% 2.0% 2% 2%
2015-12-15 02:30 AM Q3 2.0% 2.0% 2.0% 2.0%
2016-01-28 02:30 AM Q4 1.9% 2.0% 2.1% 2%
2016-03-13 02:30 AM Q4 2.0% 1.9% 1.9%
2016-04-28 03:30 AM Q1 1.9%
2016-06-15 03:30 AM Q1

Singapore Jobless Rate Slightly Down to 1.9% in Q4


Singapore’s seasonally adjusted jobless rate stood at 1.9 percent in the fourth quarter of 2015, slightly down from 2.0 percent in the previous quarter and below market expectations, preliminary estimates showed.

In the fourth quarter, the jobless rate for residents was down to 2.9 percent from 3.0 percent in the September quarter. The rate for citizens also fell to 3.0 percent from 3.1 percent.

Some 4,200 workers were made redundant in the fourth quarter of 2015, up from 3,460 in the preceding quarter and 3,910 in the fourth quarter of 2014, amid ongoing business restructuring.

Reflecting hiring for the year-end festivities, overall employment grew  faster in the fourth quarter of 2015 (15,500) than the previous quarter (12,600),  but lower than a year ago (40,700).

For full year of 2015, unemployment was recorded at 1.9 percent, 2.8 percent for residents and 2.9 percent for citizens, broadly unchanged since 2011.

Redundancies rose to 14,400 in 2015, going up steadily since 2010. The increase in layoffs stemmed from manufacturing and services

Total employment growth slowed significantly in 2015 and was broad-based across sectors. Employment declines in manufacturing, retail trade, real estate services and wholesale trade were offset by employment growth in most sectors, led by community, social & personal services, administrative & support services, construction and professional services. Foreign growth continued to moderate, while local growth was flat following exceptional increases in 2013 and 2014. 
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Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
1/28/2016 3:16:59 PM

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.90 2.00 6.00 1.40 percent [+]
Employed Persons 3655.60 3622.80 3655.60 1714.20 Thousand [+]
Unemployed Persons 94.60 90.70 124.10 25.80 Thousand [+]
Average Weekly Hours 46.00 46.20 46.30 46.00 [+]
Labor Force Participation Rate 67.00 66.70 67.00 55.30 Percent [+]
Labour Costs 107.20 108.20 136.30 57.37 Index Points [+]
Productivity 107.20 108.20 136.30 57.37 Index Points [+]
Job Vacancies 60000.00 63000.00 67400.00 12000.00 [+]
Wages 4493.00 4611.00 5259.00 1302.00 SGD/Month [+]
Wages in Manufacturing 4220.00 4269.00 5056.00 3797.00 SGD/Month [+]
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 [+]




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