Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Unemployment Rate-Prel climbed to 2.1% in April 2014
FMPMonthlyReleased April 2014
Singapore Unemployment Rate-Prel climbed to 2.1% in April 2014, up 0.3% from March's 1.8% reading. The print came in hotter than the 1.8% consensus, a hotter print than forecasters anticipated.
Latest Release
2.100000
Actual
1.800000
Consensus
1.800000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate-Prel (Singapore) was reported at 2.1% in April 2014. This beat the market consensus of 1.8% by 0.3%. The reading rose from the previous value of 1.8%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update April 2014.
SHARE
Unemployment Rate-Prel - SG
Loading chart data...
About Unemployment Rate-Prel — Singapore
DEFINITION
iminary The Unemployment Rate-Preliminary is a key economic indicator that measures the percentage of the labor force that is currently without a job, but actively seeking employment. This preliminary data provides an early glimpse into the health of the job market and can be used to assess the overall strength of the economy. It is often used by policymakers, businesses, and investors to make informed decisions and predictions about future economic trends. A lower unemployment rate typically indicates a stronger economy, while a higher rate may suggest economic weakness.
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 (Jan 2014): actual 2.1 %, consensus 1.8 %. Prior reading (Jan 2014): 1.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.