Unemployment Rate in Singapore increased to 2 percent in the first quarter of 2025 from 1.90 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Singapore Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The unemployment rate in Singapore raised to around 4.1 percent in 2020 from 3.1 percent in the year before. For many economies, this would be considered overemployment, but Singapore may have a lower natural unemployment rate than other economies.

What’s wrong with overemployment?

When there are not enough workers, firms are forced to hire anyone who is available. This means that employers may not select the best applicants but rather anyone who applies. This leads to lower productivity, because workers are not finding the job for which they are best suited. Companies may also have to offer wages that are so high that they also lead to a rise in prices and thus, to a higher inflation.

Singapore may be different

Singapore has a small, open economy. It has the highest gross domestic product (GDP) per capita in the region, indicating that it is an advanced economy. This is largely due to the small population, which is almost entirely urban. As such, its workforce may be better matched to employer needs, which would reduce the natural level of unemployment.

Singapore SG: Unemployment with Advance Education: % of Total Labour Force data was reported at 4.050 % in 2015. This records an increase from the previous number of 2.870 % for 2013. Singapore SG: Unemployment with Advance Education: % of Total Labour Force data is updated yearly, averaging 3.090 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 4.660 % in 2008 and a record low of 0.960 % in 1997. Singapore SG: Unemployment with Advance Education: % of Total Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with an advanced level of education who are unemployed. Advanced education comprises short-cycle tertiary education, a bachelor’s degree or equivalent education level, a master’s degree or equivalent education level, or doctoral degree or equivalent education level according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average;

Unemployment with basic education (% of total labor force with basic education) in Singapore was reported at 3.732 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Unemployment with basic education (% of total unemployment) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The unemployment rate in Singapore stands at 2.1 percent according to the latest data from . That reading shows an increase from the level of 1.9 percent in the previous quarter and no change from the level of 2.1 percent in the same quarter of the previous year. The unemployment rate data...

Singapore SG: Unemployment with Advance Education: Male: % of Male Labour Force data was reported at 3.720 % in 2015. This records an increase from the previous number of 2.740 % for 2013. Singapore SG: Unemployment with Advance Education: Male: % of Male Labour Force data is updated yearly, averaging 2.740 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 3.770 % in 2008 and a record low of 0.800 % in 1997. Singapore SG: Unemployment with Advance Education: Male: % of Male Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with an advanced level of education who are unemployed. Advanced education comprises short-cycle tertiary education, a bachelor’s degree or equivalent education level, a master’s degree or equivalent education level, or doctoral degree or equivalent education level according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average;

Singapore SG: Unemployment with Advance Education: Female: % of Female Labour Force data was reported at 3.430 % in 2015. This records an increase from the previous number of 2.660 % for 2013. Singapore SG: Unemployment with Advance Education: Female: % of Female Labour Force data is updated yearly, averaging 2.340 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 3.430 % in 2015 and a record low of 0.670 % in 1997. Singapore SG: Unemployment with Advance Education: Female: % of Female Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with an advanced level of education who are unemployed. Advanced education comprises short-cycle tertiary education, a bachelor’s degree or equivalent education level, a master’s degree or equivalent education level, or doctoral degree or equivalent education level according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average;

Singapore SG: Unemployment with Basic Education: % of Total Labour Force data was reported at 3.040 % in 2015. This records an increase from the previous number of 2.470 % for 2013. Singapore SG: Unemployment with Basic Education: % of Total Labour Force data is updated yearly, averaging 5.750 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 13.100 % in 2006 and a record low of 2.470 % in 2013. Singapore SG: Unemployment with Basic Education: % of Total Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with a basic level of education who are unemployed. Basic education comprises primary education or lower secondary education according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average;

Singapore SG: Unemployment with Intermediate Education: Female: % of Female Labour Force data was reported at 3.910 % in 2015. This records an increase from the previous number of 2.900 % for 2013. Singapore SG: Unemployment with Intermediate Education: Female: % of Female Labour Force data is updated yearly, averaging 3.540 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 8.110 % in 2003 and a record low of 1.920 % in 1994. Singapore SG: Unemployment with Intermediate Education: Female: % of Female Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with an intermediate level of education who are unemployed. Intermediate education comprises upper secondary or post-secondary non tertiary education according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted Average;

This dataset provides values for UNEMPLOYMENT RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The number of employed people in Singapore stood at approximately 4.02 million people in 2024. Between 1980 and 2024, the number rose by around 2.95 million people, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the number will increase by about 60 thousand people.The indicator describes the number of employed people. This refers to persons who during a pre-defined period, either: a) performed wage or salary work, b) held a formal attachment to their job (even if not currently working), (c) performed for-profit work for personal or family gain , (d) were with an enterprise although temporarily not at work for any specific reason.

Singapore SG: Unemployment with Basic Education: Male: % of Male Labour Force data was reported at 3.490 % in 2015. This records an increase from the previous number of 2.530 % for 2013. Singapore SG: Unemployment with Basic Education: Male: % of Male Labour Force data is updated yearly, averaging 6.060 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 11.700 % in 2006 and a record low of 2.530 % in 2013. Singapore SG: Unemployment with Basic Education: Male: % of Male Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Employment and Unemployment. The percentage of the labor force with a basic level of education who are unemployed. Basic education comprises primary education or lower secondary education according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average;

Singapore SG: Unemployment with Intermediate Education: % of Total Labour Force data was reported at 4.280 % in 2015. This records an increase from the previous number of 3.250 % for 2013. Singapore SG: Unemployment with Intermediate Education: % of Total Labour Force data is updated yearly, averaging 4.100 % from Dec 1994 (Median) to 2015, with 15 observations. The data reached an all-time high of 7.500 % in 2003 and a record low of 2.110 % in 1994. Singapore SG: Unemployment with Intermediate Education: % of Total Labour Force data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Employment and Unemployment. The percentage of the labor force with an intermediate level of education who are unemployed. Intermediate education comprises upper secondary or post-secondary non tertiary education according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted Average;

The youth unemployment rate in Indonesia saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 13.14 percent. The youth unemployment rate refers to the share of the economically active population aged 15 to 24 currently without work but in search of employment. The youth unemployment rate does not include economically inactive persons such as the long-term unemployed or full-time students.Find more key insights for the youth unemployment rate in countries like Malaysia and Singapore.

This statistic shows the average inflation rate in Indonesia from 1987 to 2024, with projections up until 2030. In 2024, the average inflation rate in Indonesia amounted to about 2.3 percent compared to the previous year. The global financial crisis and economic consequences The global economy underwent a drastic slump due to the global financial crisis in 2008, which caused a continued increase in the general level of prices of goods and services; the highest recorded global inflation of the past decade took place in 2008, when the global inflation rate increased by more than 6.4 percent in comparison with the previous year. As for Indonesia, the country's inflation rate amounted to around 9.8 percent in comparison to the previous year. The financial crisis also impacted the global unemployment rate. In 2009, the global unemployment rate jumped to around 6.2 percent, and it is not expected to recover to pre-crisis levels anytime soon. The financial crisis impact on the Indonesian economy was slightly more severe: In 2008, the unemployment rate in Indonesia was around 8.4 percent, much higher than the global unemployment rate for the same year. It has, however, now decreased significantly, even though it is still not below the global level, the country itself has reached lower levels than before the crisis. After the financial crisis, the Indonesian government implemented several economic reforms and increased exports in order to strengthen the economy. In 2011, Indonesia exported goods with a value of more than 200 billion U.S. dollars. The main export partners of Indonesia are Japan, China and Singapore. As a result of increased exports, the Indonesian economy was able to grow, making Indonesia one of the twenty nations in the world with the largest gross domestic product in 2015.