Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Unemployment Rate held to 2.0% in January 2026
FMPMonthlyReleased June 2026
Singapore Unemployment Rate held to 2.0% in January 2026, released June 2026. The reading matched expectations. Unemployment Rate is now the lowest in 13 months.
Latest Release
2
Actual
2.1
Consensus
2
Previous
Median Absolute Error
±0.08 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 2.05
Actual: 2
Error: +0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.49 | COMMODITIES | Bearish XAU | → View |
| USD/SGD | ▲ Direct | +0.39 | FOREX | Bullish USD | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Bullish BTC | → 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 June 2026. This missed the market consensus of 2.1% by 0.1%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.01%, ranging from 2% to 2.1% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 2%, unchanged from the prior three. Volatility over the past year (σ 0.03%) is lower than the prior year (σ 0.1%). In June readings over the past 3 years, Unemployment Rate has averaged 2.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/SGD, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.08%.
WHAT TO WATCH NEXT
The next release is scheduled for June 26, 2026. Same-country events in the next 14 days include CPI YoY (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
Unemployment Rate - SG
Loading chart data...
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, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.49) — a useful reference for commodities-focused traders.