Unemployment in Singapore

Singapore Unemployment | Economic News & Forecasts

Singapore - Unemployment

The economy posted the weakest expansion in Q1 year-on-year since the end of the Great Recession, as advance estimates showed the manufacturing sector tanked, sinking well below the average posted in 2018 on weaker precision engineering and electronics clusters. In contrast, the construction sector rebounded after 11 consecutive quarters of yoy declines, suggesting a stabilization in the real estate market, while the services sector gained speed. Although GDP by expenditure figures have yet to be released, annual retail sales in January and February recovered slightly compared to the Q4 average, indicating private consumption may have gained impetus in Q1. This follows a softer Q4 reading weighed on by notable slowdowns in household and government spending. On the political scene, Singapore and Malaysia resolved a recent spat on port boundary claims in mid-March, which should strengthen economic ties going forward.

Singapore - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate1.9  2.0  1.9  2.1  2.2  

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Singapore Unemployment Chart


Singapore Unemployment
Note: Unemployment in % of active population.
Source: Singapore Ministry of Manpower.

Singapore Facts

ValueChangeDate
Bond Yield2.131.39 %May 13
Exchange Rate1.37-0.01 %May 13
Stock Market3,2340.18 %May 13

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