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Report: Monthly Unemployment Situation May 2022
Released on:7/7/2022 10:30 AM

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Monthly Unemployment Situation – May​ 2022
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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​

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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Unemployment Rates (Seasonally Adjusted) 

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 Explanator​y​ Notes for more information.