Unemployment in Singapore

Singapore Unemployment | Economic News & Forecasts

Singapore - Unemployment

Early indicators suggest growth has remained soft in Q2 after recording the worst year-on-year outturn in nearly a decade. In April, the SIPMM manufacturing PMI marked the lowest point since 2016 and non-oil domestic exports shrank owing to a fall in electronics exports. Nevertheless, growth should accelerate throughout the remainder of Q2: A tight labor market and low inflation will stoke private spending, while stronger non-residential construction activity and a recovery in business loans should also boost domestic demand. In other news, the Central Bank (MAS) agreed to transfer SGD 45 billion (USD 33 billion) of its required reserves to public coffers managed by the state-owned investment firm GIC, in order to improve long-term returns. Moreover, the MAS will begin disclosing FX interventions in July 2020, which will ensure clarity over the direction of monetary policy.

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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