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

Singapore’s seasonally adjusted unemployment rate edged up to 2.3 percent in the first quarter of 2017 from 2.2 percent in the fourth quarter 2016, preliminary estimates showed. It was the highest jobless rate since the December quarter 2009. In the three months to March, the jobless rate was unchanged compared to the prior quarter for residents (3.2 percent) and citizens (3.5 percent). Some 4,800 workers were laid off, lower than the fourth quarter (5,440), but similar to a year ago (4,710). Redundancies declined in manufacturing, but continued to increase in construction and services. Total employment fell 8,500, compared to the seasonal high in the prior quarter (2,300). It was the biggest quarterly contraction in nearly 14 years. The decline occurred in manufacturing (-4,400) and construction (-12,900), mainly due to a decrease in Work Permit Holders. At the same time, services employment continued to grow (8,700), though growth was slower than the first quarter of 2016 (13,200). Unemployment Rate in Singapore averaged 2.45 percent from 1986 until 2017, 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)
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 2.3% 2.2% 2.2%
2017-06-13 02:30 AM Q1 2.3% 2.2%
2017-07-28 02:30 AM Q2 2.3%
2017-09-15 02:30 AM Q2




Singapore Jobless Rate Highest In Over 7 Years


Singapore’s seasonally adjusted unemployment rate edged up to 2.3 percent in the first quarter of 2017 from 2.2 percent in the fourth quarter 2016, preliminary estimates showed. It was the highest jobless rate since the December quarter 2009.

In the three months to March, the jobless rate was unchanged compared to the prior quarter for residents (3.2 percent) and citizens (3.5 percent). 

Some 4,800 workers were laid off, lower than the fourth quarter (5,440), but similar to a year ago (4,710). Redundancies declined in manufacturing, but continued to increase in construction and services. 

Total employment fell 8,500, compared to the seasonal high in the prior quarter (2,300). It was the biggest quarterly contraction in nearly 14 years. The decline occurred in manufacturing (-4,400) and construction (-12,900), mainly due to a decrease in Work Permit Holders. At the same time, services employment continued to grow (8,700), though growth was slower than the first quarter of 2016 (13,200). 

Ministry of Manpower l Rida Husna | rida@tradingeconomics.com
4/28/2017 4:56:09 AM



Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.30 2.20 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 45.50 45.60 46.30 45.50 [+]
Labor Force Participation Rate 68.00 68.30 68.30 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 8.50 1.90 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.20 6.00 1.40 1986 - 2017 percent Quarterly



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.70 Mar/17
Turkey 12.60 Feb/17
Italy 11.70 Mar/17
France 9.60 Mar/17
Euro Area 9.50 Mar/17
Canada 6.50 Apr/17
Australia 5.70 Apr/17
Indonesia 5.33 Mar/17
Russia 5.30 Apr/17
Netherlands 5.10 Apr/17
India 4.90 Dec/13
United Kingdom 4.60 Mar/17
United States 4.40 Apr/17
South Korea 4.00 Apr/17
China 3.97 Mar/17
Germany 3.90 Mar/17
Switzerland 3.30 Apr/17
Mexico 3.19 Mar/17
Japan 2.80 Mar/17