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​​For release: 7 July​​​​ 2022​
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The unemployment situation in May 2022 was similar to that of April 2022 (overall: 2.2%; resident: 3.0%; citizen: 3.1%). The rates had trended down since peaking in October 2020. There were 72,300 residents unemployed in May 2022, of which 64,700 were citizens. ​^2, 3​​

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Unemployment rates are expected to stay low, amidst a tight labour market and high levels of vacancies. The likelihood of a downturn in Singapore remains low. However, the global economy is facing significant headwinds - a global economic slowdown and strong inflationary pressures - which could impact business decisions. These are exacerbated by the ongoing Russia-Ukraine conflict and COVID-19 pandemic in economies such as China.

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

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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 Explanator​y​ Notes for more information.
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