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 Monday, March 2, 2015.


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.

Supported by hirings for year-end festivities, employment growth was higher in the fourth quarter of 2014 (39,600) than in the previous quarter (33,400), but lower than in the fourth quarter last year (40,600). For the whole of 2014, total employment is estimated to have increased by 129,000, lower than the 136,200 in 2013 and similar to the 129,100 in 2012. Employment growth among locals rose, as foreign employment growth continued to moderate. In December 2014, locals made up 66.7 percent of persons employed in Singapore (excluding foreign domestic workers), with foreigners forming 33.3 percent. 

3,800 workers were laid off in the fourth quarter of 2014, slightly up from 3,500 in the preceding quarter and 3,660 in the fourth quarter of 2013. For the whole of 2014, 12,800 workers were laid off, higher than the 11,560 in 2013 amid on-going business restructuring. For the whole of 2014, redundancies rose to 12,800, up from 11,560 in 2013. The increase in layoffs stemmed from services and construction, which more than offset a decline in manufacturing.

There was a sustained increase in median income for Singaporeans over the last five years, even though growth moderated over the year in 2014. The median monthly income from work of full-time employed citizens (including employer Central Provident Fund (CPF) contributions) increased by 30 percent from USD2,748 in 2009 to USD 3,566 in 2014, or 5.3 percent p.a. After adjusting for inflation using the Consumer Price Index (CPI) for all items, the real median income grew by 11 percent or 2.1 percent p.a. over these five years.

For the whole of 2014, unemployment stayed low averaging at 2 percent, broadly unchanged from the previous year. On average, 61,200 residents including 53,900 Singapore citizens were unemployed in 2014. The corresponding figures in 2013 were 59,800 and 52,900.

Jobless rate for residents and citizens fell to 2.6 percent respectively from 2.8 percent and 2.9 percent. 

Ministry of Manpower l Rida Husna l rida@tradingeconomics.com
1/30/2015 3:15:06 PM


Recent Releases

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 Unemployment Rate Falls Slightly
Singapore’s seasonally adjusted jobless rate decreased marginally to 1.9 percent in the third quarter of 2014 from 2 percent in the previous period, according to preliminary estimates. The rates for residents and citizens remained low at 2.8 percent and 2.9 percent respectively and employment growth was largely unchanged. Published on 2014-10-31


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-31 02:00 AM
Unemployment Rate  Q3
1.9% 2.0% 2.0% 2.1%
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 02:00 AM
Unemployment Rate Final  Q4
2.0% 1.9% 1.9%
2015-04-30 03:00 AM
Unemployment Rate - Prel  Q1
2%
2015-06-15 03:00 AM
Unemployment Rate - Final  Q1


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 67400.00 63900.00 67400.00 12000.00 [+]
Productivity 118.50 102.60 136.30 57.37 Index Points [+]
Wages 4314.00 4445.00 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 6.40 Jan/15 6.10 10.90 4.00 percent [+]
Brazil 5.30 Jan/15 4.30 13.10 4.30 percent [+]
Canada 6.60 Jan/15 6.70 13.10 2.90 percent [+]
China 4.10 Nov/14 4.10 4.30 3.90 percent [+]
Euro Area 11.20 Jan/15 11.30 12.00 7.20 percent [+]
France 10.40 Aug/14 10.10 10.80 7.20 percent [+]
Germany 4.70 Jan/15 4.80 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.60 Jan/15 12.70 13.30 5.90 percent [+]
Japan 3.60 Jan/15 3.40 5.60 1.00 percent [+]
Mexico 4.51 Jan/15 3.76 5.93 2.22 percent [+]
Netherlands 7.20 Jan/15 7.20 8.80 3.40 percent [+]
Russia 5.50 Jan/15 5.30 14.10 4.80 percent [+]
South Korea 3.40 Jan/15 3.50 7.10 2.90 percent [+]
Spain 23.70 Nov/14 23.67 26.94 4.41 percent [+]
Switzerland 3.50 Jan/15 3.40 5.40 1.60 percent [+]
Turkey 10.70 Nov/14 10.40 16.10 8.00 percent [+]
United Kingdom 5.70 Dec/14 5.80 12.00 3.40 percent [+]
United States 5.70 Jan/15 5.60 10.80 2.50 percent [+]