Singapore Unemployment Rate 1986-2014 | Data | Chart | Calendar

Unemployment Rate in Singapore unchanged at 2.0 percent in the second quarter of 2014 from 2.0 percent in the first quarter of 2014. 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.

   
 
 

Singapore Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 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 Saturday, October 25, 2014.


Singapore Unemployment Rate Confirmed at 2% in Q2


Singapore’s seasonally adjusted jobless rate was recorded at 2.0 percent in the second quarter of 2014, unchanged from the previous period and matching a preliminary estimate, as job openings continued to outnumber job seekers.

In the second quarter of 2014, the jobless rate for residents improved slightly to 2.8 percent from to 2.9 percent in the previous quarter while for citizens it softened to 2.9 percent from 3.0 percent.

The long-term unemployment rate improved year-on-year at 0.6 percent from 0.7 percent a year ago. There were 13,900 residents who had been looking for work for at least 25 weeks during April to June of 2014, down from 15,400 a year earlier.

Total employment grew by 27,700 in the second quarter of 2014, moderating from the growth of 33,700 in the same quarter last year, but broadly comparable to the 28,300 in the first quarter of 2014. This brought total employment to 3,549,900 in June of 2014, which was 3.8 percent higher than a year ago. This year-on-year rate of growth in total employment moderated from 4 percent a quarter ago.

Compared to the same quarter last year, the unemployment rate at that time registered at 2.1 percent.

During the first half of 2014, the unemployment rate in Singapore remained low amid a tight labor market. The seasonally-adjusted citizen jobless rate was 2.9 percent in June 2014, while the resident long-term unemployment remained amongst the lowest globally at 0.6 percent.

Foreign employment growth continued to slow in the first half of 2014, leading to the moderation of total employment growth of 3.8 percent in June of 2014, compared to 4.2 percent a year ago.

Ministry of Manpower l Rida l rida@tradingeconomics.com
9/15/2014 9:36:17 AM


Recent Releases

Singapore Jobless Rate Holds Steady at 2% in Q2
Singapore’s seasonally adjusted unemployment rate remained unchanged at 2.0 percent in the second quarter of 2014, signaling the labor market in the country remained tight. Published on 2014-07-31

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. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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% 2.0% 1.9%
2014-09-15 03:00 AM Singapore
Unemployment Rate-Final
Q2 2014 2.0% 2.0% 2.0% 2.0%
2014-10-31 02:00 AM Singapore
Unemployment Rate
Q3 2014 2.0% 2.1%


Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.00 2.00 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 112.06 132.98 136.30 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 112.06 132.98 136.30 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 [+]