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). New, Everything you need to know about the industry development, Find studies from all around the internet. Statista. Please authenticate by going to "My account" → "Administration". 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 addition, there were a total of 90,500 unemployed citizens and residents in June 2020. Overall, retrenchments doubled from the previous quarter, while unemployment rates continued to rise in June 2020, and total employment contracted 'far more acutely'. Corporate solution including all features. In, World Bank. facts. 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 overall unemployment rate rose over the quarter in March from 2.3 to 2.4 per cent. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Figures have been rounded. The Trading Economics Application Programming Interface (API) provides direct access to our data. October 15, 2020. Within the services sector, the contraction was sharpest in food and beverage services, retail trade, and education. 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. 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. Meantime, some 9,100 workers were laid off, compared with 8,130 in Q2. 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. 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. Among Singapore citizens, the unemployment rate rose from 3.3 to … 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. World Bank. 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. The number of unemployed people increased further amid the COVID-19 crisis, while employment saw its sharpest decline on record. Singapore’s unemployment rate may rise to 3.6% in 2020 from 2.3% in 2019, according to DBS Group Research. Report: Monthly Unemployment Situation October 2020 - Unemployment rates remained elevated in October 2020 (overall: 3.6%; resident: 4.8%; citizen: 4.9%). 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 … 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 … Find Out . This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. Meantime, some 6,700 workers were laid off, compared with 3,220 in Q1. 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. The Ministry of Manpower said the uncertainty in the economy and weak demand conditions will weigh on the recovery of the labor market. 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. 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. 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. 1986-2020 Data | 2021-2023 Forecast | Calendar. Profit from additional features by authenticating your Admin account. This was the highest jobless rate since the June quarter of 2004, as the COVID-19 crisis took a huge toll on the economy. $59 per month* In Singapore, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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. It was reported that approximately 841 thousand people who were … Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Publish your articles and forecasts in our website. "Singapore: Unemployment Rate from 1999 to 2020. The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. 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. and over 1 Mio. Then you can access your favorite statistics via the star in the header. "Singapore: Unemployment rate from 1999 to 2020." The retrenchments rose significantly in wholesale trade and transport equipment. 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. 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. Then you will be able to mark statistics as favourites and use personal statistics alerts. 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. 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. Download historical data for 20 million indicators using your browser. You only have access to basic statistics. Chart. 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. 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). Unemployment, total (% of total labor force) (modeled ILO estimate) from The World Bank: Data. Please contact us to get started with full access to dossiers, forecasts, studies and international data. 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 Singapore: Unemployment rate from 1999 to 2020 [Graph]. 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. 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. 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. 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