Unemployment in Singapore

Singapore Unemployment | Economic News & Forecasts

Singapore - Unemployment

Revised data showed growth mellowed markedly in the third quarter and by more than previously reported, on weaker-than-previously-estimated growth in the manufacturing and services sectors. However, the contraction in the construction sector was smaller than initially announced. Looking at Q4, PMI data for October and November illustrates further softening in the manufacturing sector as new orders and employment gravitate closer to negative territory, while the electronics sector contracted in November. Nevertheless, non-oil domestic export growth ticked up in October—albeit thanks to the volatile pharmaceutical subsector. On the political front, tensions with neighbor Malaysia are escalating due to a dispute over maritime boundaries. However, there is unlikely to be a noticeable economic impact and mutual economic interests will likely stop the disagreement escalating too much further.

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

Bond Yield2.191.39 %Jan 14
Exchange Rate1.35-0.01 %Jan 14
Stock Market3,1730.18 %Jan 14

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