Statista. 1986-2020 Data | 2021-2023 Forecast | Calendar. Singapore’s seasonally adjusted unemployment rate jumped to 3.6 percent in the third quarter of 2020 from 2.8 percent in the previous period and in line with the preliminary estimate. Singapore's labour market faced a far more extensive impact from COVID-19 in Q2 2020, as compared to Q1 2020, the Ministry of Manpower's (MOM) latest Labour Market Advance Release Second Quarter 2020 revealed. Singapore’s seasonally adjusted unemployment rate inched higher to 2.3 percent in the September quarter 2019 from 2.2 percent in the previous period and in line with the preliminary estimate. Report: Monthly Unemployment Situation October 2020 - Unemployment rates remained elevated in October 2020 (overall: 3.6%; resident: 4.8%; citizen: 4.9%). The unemployment in June rose but stayed behind previous months when it peaked. "Singapore: Unemployment rate from 1999 to 2020." Please contact us to get started with full access to dossiers, forecasts, studies and international data. The jobless rate increased for both residents (3.9 percent vs 3.2 percent in Q1) and citizens (4 percent vs 3.5 percent). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Most of these job losses are likely to be in the... Register to read this article. Singapore’s unemployment rate may rise to 3.6% in 2020 from 2.3% in 2019, according to DBS Group Research. Chart. Overall, retrenchments doubled from the previous quarter, while unemployment rates continued to rise in June 2020, and total employment contracted 'far more acutely'. Compared to September, the rates were unchanged at the overall and citizens, but rose slightly for This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. Average Monthly Recruitment Rate By Industry And Occupational Group, (SSIC 2015), Annual Average Monthly Resignation Rate By Industry And Occupational Group, (SSIC 2015), Quarterly Average Monthly Resignation Rate By Industry And Occupational Group, (SSIC 2015), Annual. (October 15, 2020). Direct access to our calendar releases and historical data. Meantime, some 6,700 workers were laid off, compared with 3,220 in Q1. Singapore youth unemployment rate for 2019 was 9.29%, a 0.24% increase from 2018.; Singapore youth unemployment rate for 2018 was 9.04%, a 0.3% decline from 2017.; Singapore youth unemployment rate for 2017 was 9.35%, a 0.23% increase from 2016. The overall unemployment rate in Singapore rose to a decade high of 2.4% in Q1 2020 as total employment, excluding foreign domestic workers, shrank by 25,600 in the first quarter, the largest quarterly contraction on record. World Bank. SINGAPORE, Oct 30: Singapore's Ministry of Manpower (MOM) announced on Friday that the country's unemployment rate for overall in September reached 3.6 per cent compared to … MOM released its latest jobs situation report today which showed that […] Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Download historical data for 20 million indicators using your browser. Publish your articles and forecasts in our website. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. In, World Bank. In Singapore, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. ", World Bank, Singapore: Unemployment rate from 1999 to 2020 Statista, https://www.statista.com/statistics/378643/unemployment-rate-in-singapore/ (last visited January 11, 2021), Singapore: Unemployment rate from 1999 to 2020, Life expectancy at birth in Singapore 2018, Life expectancy at birth in Singapore 2018, by gender, Median age of the population in Singapore 2015, Gross domestic product (GDP) in Singapore 2021*, Gross domestic product (GDP) per capita in Singapore 2025*, Gross domestic product (GDP) growth rate in Singapore 2025*, Singapore: Share in global GDP adjusted for PPP 2025*, Distribution of gross domestic product (GDP) across economic sectors Singapore 2019, Employment by economic sector in Singapore 2020, National debt of Singapore in relation to gross domestic product (GDP) 2025*, Ratio of military expenditure to gross domestic product (GDP) in Singapore 2019, Ratio of government expenditure to gross domestic product (GDP) in Singapore 2025*, Singapore's budget balance in relation to GDP 2025, Total population of the ASEAN countries from 2008 to 2018, Life expectancy at birth in the ASEAN countries 2018, Gross domestic product of the ASEAN countries from 2010 to 2020, Gross domestic product (GDP) per capita in the ASEAN countries 2018, Inflation rate in the ASEAN countries 2020, Import growth in the ASEAN region 2015 by country, Export growth in the ASEAN region 2015 by country, Internet penetration Asia 2020 by country or region, Internet penetration in Southeast Asia 2020, by country, Number of internet users APAC 2020 by country or region, Countries with the fastest average internet connection speed 2017, Singapore: number of social network users 2017-2025, Social network penetration in Singapore Q3 2019, New cases of COVID-19 worldwide from January 23, 2020 to January 7, 2021, by day, South Carolina - Unemployment rate 1992-2019, Direct export value of paints from Taiwan 2009-2019, Communication and broadcasting equipment production value across India 2006-2015, Major reasons Chinese residents of 60 years and older try to look good 2016, Value of secondary nickel cadmium battery imports to Japan 2013-2019, Industry revenue of “Electric wire and cable, except optical fiber cable“ in Japan 2012-2024. Download all in Excel (35kb) Find Out . Singapore’s seasonally adjusted unemployment rate rose sharply to 3.6 percent in the September quarter of 2020 from 2.8 percent in the previous period, a preliminary estimate showed. Total employment decreased by 26,900, much lower than the previous quarter (-103,800), with both manufacturing and construction sectors falling, while the services sector picking up, mainly in community, social & personal services, and food & beverage services. Industry revenue of “Electric wire and cable, except optical fiber cable“ in Japan 2012-20... Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. (billed annually). Total employment (excluding Foreign Domestic Workers) decreased by 121,800, more than four times the decline in Q1, with the three broad sectors of manufacturing, construction, and services all falling. New, Figures and insights about the advertising and media world, Industry Outlook Please authenticate by going to "My account" → "Administration". Then you will be able to mark statistics as favourites and use personal statistics alerts. In 2020, approximately 8.35 percent of the labor force aged 15 to 24 years in Singapore were estimated to be unemployed. SINGAPORE - The unemployment rate for Singaporeans and permanent residents improved slightly in November compared with the previous month, … Singapore’s seasonally adjusted unemployment rate jumped to 3.6 percent in the third quarter of 2020 from 2.8 percent in the previous period and in line with the preliminary estimate. This was the highest jobless rate since the September quarter of 2009, as the economy entered a recession in Q2 while the external environment remained weak amid a threat of the second wave of COVID-19 crisis. Measures the number of people actively looking for a job as a of. 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