Unemployment in Singapore

Singapore Unemployment | Economic News & Forecasts

Singapore - Unemployment

Comprehensive GDP data confirmed Singapore’s economy posted the worst quarterly performance in a decade in the second quarter. A sharp contraction in net exports of goods and services—amid the U.S.-China trade war and weaker global demand for technology—led the downturn. Moreover, private consumption growth decelerated, while fixed investment posted a steeper decline than in Q1. Turning to the third quarter, momentum will likely remain tepid. In July, the manufacturing and electronics PMIs remained in contractionary territory, despite improving slightly, while non-oil domestic exports were down. Moreover, the recent escalation of the trade war could weigh further on the external sector for the remainder of the quarter. However, a tight labor market should support private consumption growth and prop up domestic activity.

Singapore - Unemployment Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Singapore Unemployment Chart


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

Singapore Facts

ValueChangeDate
Bond Yield1.921.39 %Jul 31
Exchange Rate1.37-0.01 %Jul 31
Stock Market3,3010.18 %Jul 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form