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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Unemployment Rate climbed to 2.0% in July 2026
FMPMonthlyReleased October 2026
Singapore Unemployment Rate climbed to 2.0% in July 2026, released October 2026, up 0.1% from June's 1.9% reading. The reading matched expectations. Over the past 3 months, Unemployment Rate averaged 1.9%, vs 2.0% in the prior 3-month window. The reading is in the 55th percentile of the trailing 24-month range.
Latest Release
2
Actual
2
Consensus
1.9
Previous
Median Absolute Error
±0.05 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 1.98
Actual: 2
Error: -0.02
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.73 | CRYPTO | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.36 | COMMODITIES | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.35 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Singapore) was reported at 2% in October 2026. This matched the market consensus of 2% exactly. The reading rose from the previous value of 1.9%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 1.99%, ranging from 1.9% to 2% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.97%, down from the prior three at 2%. Volatility over the past year (σ 0.03%) is lower than the prior year (σ 0.08%). In October readings over the past 3 years, Unemployment Rate has averaged 1.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with Hang Seng, negatively correlated (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 0.05%.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Unemployment Rate - SG
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About Unemployment Rate — Singapore
DEFINITION
The unemployment rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job but actively seeking employment. It is a crucial measure of the health of the job market and overall economy, as it reflects the availability of jobs and the level of demand for labor. A low unemployment rate is generally seen as a positive sign of a strong economy, while a high unemployment rate can indicate economic downturn or instability. This indicator is closely monitored by policymakers, businesses, and investors as it can have significant impacts on consumer spending, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2014): actual 2 %, consensus 2 %. Prior reading (Apr 2014): 2 %. Before that (Jan 2014): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.73) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - SG Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 978.8 | 966.4 | 909.5 | 944.15 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 1.9 | 2 | 2.00 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SG | Business Confidence | 12 | 14 | 14.00 | Low | |
| 13:00 | SG | S&P Global Manufacturing PMI | 51.7 | 51.8 | 51.80 | Low | |