New, Everything you need to know about the industry development, Find studies from all around the internet. In addition, there were a total of 90,500 unemployed citizens and residents in June 2020. 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. The number of unemployed people increased further amid the COVID-19 crisis, while employment saw its sharpest decline on record. 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 … SINGAPORE - The unemployment rate for Singaporeans and permanent residents improved slightly in November compared with the previous month, … Unemployment rate in Singapore rose to 3.4% in Aug. 2020 Singapore’s overall unemployment rate rose to 3.4 per cent in August 2020. Learn more about how Statista can support your business. Singapore’s seasonally adjusted unemployment rate rose sharply to 2.9 percent in the June quarter of 2020 from 2.4 percent in the previous period, a preliminary estimate showed. While this comes as "a relief", Manpower Minister Josephine Teo cautioned that more data will be needed to assess the performance of the job market. Meantime, some 9,100 workers were laid off, compared with 8,130 in Q2. 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. 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. The unemployment rate refers to the unemployed as a percentage of the labour force (also known as the economically active population). Singapore’s unemployment rate in November fell for the first time in 2020, a sign that the worst could be over for the labour market amid the COVID-19 pandemic. 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. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Among Singapore citizens, the unemployment rate rose from 3.3 to … 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. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. The Singaporean Ministry of Manpower’s weekly job situation report showed that the country's unemployment rate climbed 0.4 percentage point in August 2020 to 4.5 per cent. Update, Insights into the world's most important technology markets, Advertising & Media Outlook (October 15, 2020). The retrenchments rose significantly in wholesale trade and transport equipment. Statista. The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. ", 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. 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. It was reported that approximately 841 thousand people who were … 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. Singapore Shares Stay in the Green in Late Deals, Singapore Private Sector Expands for 1st Time in 11 Months, Singapore Retail Sales Fall the Least in 16 Months, Singapore Manufacturing PMI Edges Up in December, Singapore Q4 Private Home Prices Rise for 3rd Quarter, Singapore Economy Shrinks Less than Expected in Q4, Singapore Producer Prices Fall the Least in 3 Months, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High. This page in: ... Data retrieved in September 20, 2020. Singapore SINGAPORE'S unemployment rate could reach around 4 per cent in 2020 as the country toils to contain the spread of the novel coronavirus with an extended circuit breaker that economists say could lead to a deeper recession. To ease the burden of workers, the government has launched the $1 billion Jobs Growth Incentive which provides up to 50% salary support for eligible new local hires from September 2020 to February 2021. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. In Singapore, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. Singapore: Unemployment rate from 1999 to 2020 [Graph]. 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. According to the source, the data are ILO estimates. This recurring seasonal variation happens every year. In, World Bank. Please authenticate by going to "My account" → "Administration". Please do not hesitate to contact me. Find Out . Unemployment rate fell for the first time in November 2020 Overall unemployment rate dropped from 3.6% (in Oct 2020) to 3.3%, with the resident and citizen unemployment rates shrinking to 4.6% and 4.7% respectively. The jobless rate increased for both residents (3.9 percent vs 3.2 percent in Q1) and citizens (4 percent vs 3.5 percent). India has a jobs bloodbath as unemployment rate shoots up to 27.1% India's unemployment rate in May rises to 23.48%, show CMIE data Singapore's jobless rate jumps in Q2, nearing financial crisis peak Happy monsoon season: Unemployment rate falls to pre-lockdown level of 8.5% Covid-19 crisis: Unemployment rate remains high at 24.3% amid lockdown Most of these job losses are likely to be in the... Register to read this article. New, Figures and insights about the advertising and media world, Industry Outlook Summary Table: Unemployment Persons are counted as unemployed, if they are not working, but are actively looking and available for work. Singapore citizens unemployment rate: Increased 0.5% [3.5% in March to 4% in April 2020] The number of jobs available in Singapore has shrunk by 121,800 in the second quarter of 2020, more than 4x worse than the first quarter where total employment only shrunk by 25,600. The Ministry of Manpower said the uncertainty in the economy and weak demand conditions will weigh on the recovery of the labor market. "Singapore: Unemployment Rate from 1999 to 2020. (billed annually). The report also expects total retrenchments to rise to 45,600. facts. October 29, 2020, 11:54 PM PDT Singapore’s overall unemployment rate in the third quarter rose to 3.6%, the highest since 2004, reflecting the sustained challenges to … All figures are modeled ILO estimates. The unemployment in June rose but stayed behind previous months when it peaked. World Bank. You only have access to basic statistics. Some 9,120 workers were laid off in Q3, compared with 8,130 in Q2; while the number of job vacancies rose for the first time this year. The seasonally adjusted unemployment in Singapore was revised slightly lower to 2.8 percent in the second quarter of 2020, compared to a flash estimate of 2.9 percent and remaining at the highest level since the third quarter of 2009. Unemployment, total (% of total labor force) (modeled ILO estimate) from The World Bank: Data. 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 feature is limited to our corporate solutions. SINGAPORE: Singapore’s unemployment rate in November fell for the first time in 2020, a sign that the worst could be over for the labour market amid the COVID-19 pandemic. According to the official data, the overall unemployment rate in June 2020 rose to 2.9 per cent from 2.4 per cent in March 2020. 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. Singapore’s unemployment rate may rise to 3.6% in 2020 from 2.3% in 2019, according to DBS Group Research. Download historical data for 20 million indicators using your browser. 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. Compared to September, the rates were unchanged at the overall and citizens, but rose slightly for Directly accessible data for 170 industries from 50 countries The unemployment rate among Singapore citizens rose from 3.3 to 3.5 per cent, and among residents - or Singapore citizens and permanent residents - from 3.2 per cent to … Are you interested in testing our corporate solutions? Accessed January 11, 2021. https://www.statista.com/statistics/378643/unemployment-rate-in-singapore/, World Bank. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Report: Monthly Unemployment Situation October 2020 - Unemployment rates remained elevated in October 2020 (overall: 3.6%; resident: 4.8%; citizen: 4.9%). Then you will be able to mark statistics as favourites and use personal statistics alerts. Singapore Q1 unemployment rate up to 2.4%; Q2 numbers to worsen as virus hits Economist sees employment shrinking by 80,000-100,000 in Q2 as circuit breaker measures only began in April Thu, Apr 30, 2020 - 5:50 AM Direct access to our calendar releases and historical data. Then you can access your favorite statistics via the star in the header. 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. October 15, 2020. Overall, retrenchments doubled from the previous quarter, while unemployment rates continued to rise in June 2020, and total employment contracted 'far more acutely'. 1986-2020 Data | 2021-2023 Forecast | Calendar. The jobless rate increased for both residents (4.7 percent vs 3.8 percent in Q2) and citizens (4.9 percent vs 4 percent). The Trading Economics Application Programming Interface (API) provides direct access to our data. Download all in Excel (35kb) $59 per month* Profit from additional features by authenticating your Admin account. Register in seconds and access exclusive features. Within the services sector, the contraction was sharpest in food and beverage services, retail trade, and education. The Singapore Ministry of Manpower (MOM) in its Labour Market Report First Quarter 2020 on Monday said that the overall unemployment rate climbed to 2.4% in the first quarter of the year (Q1). and over 1 Mio. The retrenchments rose in manufacturing and services, and primarily in arts, entertainment & recreation, and Air transport, which continues to be affected by the outbreak. In 2020, approximately 8.35 percent of the labor force aged 15 to 24 years in Singapore were estimated to be unemployed. Amongst residents, unemployment rate could likewise expand to 4.2% by year-end, from 3.2% in the previous year. "Singapore: Unemployment rate from 1999 to 2020." Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Chart. In Singapore, the unemployment rate is usually higher in June, when fresh graduates enter the labour market and students look for vacation jobs. 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. Please create an employee account to be able to mark statistics as favorites. The overall unemployment rate rose over the quarter in March from 2.3 to 2.4 per cent. Meantime, some 6,700 workers were laid off, compared with 3,220 in Q1. 05 October 2020 - 13 November 2020 The unemployment rate in Singapore is now at its highest point in 10 years, with the economy starting to feel the effects of the Covid-19 outbreak. MOM released its latest jobs situation report today which showed that […] 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. 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. The statistic shows the youth unemployment rate in Singapore from 1999 and 2020. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Figures have been rounded. Publish your articles and forecasts in our website. COVID-19 deaths worldwide as of January 8, 2021, by country, COVID-19 cases worldwide as of January 8, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Jan. 8, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Jan. 7, 2021, by day. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Singapore's finance minister said its unemployment rate could rise to a record of over 100,000 in 2020 due to fallout from the COVID-19 pandemic. The overall unemployment rate in Singapore has increased to 3.4 per cent in August, surpassing the high of 3.3 per cent recorded during the global financial crisis in September 2009, according to the report by the Ministry of Manpower (MOM) on Wednesday (7 Oct). Corporate solution including all features. Data. `` Administration '' total retrenchments to rise to 45,600 further amid the COVID-19 crisis took a toll! 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