Monthly Unemployment Situation August 2022

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Monthly Unemployment Situation – August 2022

For release: 7 October 2022

Unemployment rates declined further and remained low in August 2022 (overall: 1.9%; resident: 2.7%; citizen: 2.8%). There were 64,800 residents¹ unemployed in August 2022, of which 57,600 were citizens.^2, 3

While unemployment rates are currently lower than pre-pandemic levels⁴, the increased risk of a slowdown amidst contraction of manufacturing activity, soaring inflation and interest rate hikes could dampen labour market activity.

^{Source: Labour Force Survey, Manpower Research & Statistics Department, MOM}

Manpower Research and Statistics Department,

Ministry of Manpower

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1 “Residents” refer to Singapore Citizens and Permanent Residents.
2 Based on seasonally adjusted data on number of unemployed persons.
3 Refer to Explanatory Notes for more information.
4 In the pre-COVID quarters of 2018/2019, the average unemployment rates were 2.2% at the overall, 3.0% for residents and 3.2% for citizens.