Unemployment rate for residents Just 0.56%. Mariko Oi explores why youth unemployment in Singapore is so much lower compared with the US and Europe. CNBC Reports Singapore was recently ranked second on the Economist Intelligence Unit's Safe Cities Index for 2017, coming in just behind Tokyo. Why is Singapore’s non-seasonally adjusted unemployment rate typically higher in June compared to other periods of the year? +66 2288 3062 ... Why Singapore's youth unemployment rate is so low. And looking further forward, Singapore has been able to maintain the average unemployment rate at about 1.9% for the first two quarters of 2015. Why is Singapore's crime rate so low? The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. : +66 2288 1234, Fax. At 0.05%, Singapore's death rate is well below the global average of around 3%, according to data compiled by Reuters from countries that have recorded more than 1,000 cases. Why Thailand’s unemployment rate is ridiculously low February 5, 2015 Low unemployment (below 1% since 2011) due to low birth rate, lack of social insurance & informal sector with 64% of workforce (street vendors, motorbike taxis, self-employed). Claim: Because of U.S. President Donald Trump, America recorded the lowest unemployment rate in 50 years. Also worth mentioning is that in 2009, despite the global financial crisis, our unemployment rate stayed at a robust 3.0%. For instance, Myanmar had only 0.8% unemployment in 2019, but … Having a low unemployment rate does not mean a country's economy is particularly strong. Mariko Oi explores why youth unemployment in Singapore is so much lower compared with the US and Europe. It’s among the lowest in the world, and compares regionally with 9.4% in India and 6% in the Philippines. Even in the first quarter, the virus reversed a Japanese unemployment rate that had dropped to a low of 2.2% in November and December, amid an acute labor shortage. That’s Thailand’s official unemployment rate as of the end of 2014. This recurring seasonal variation happens every year. UNEMPLOYMENT. 5 factors push Thailand’s unemployment rate ridiculously low ‘In formal’ labour, birth rate, lack of insurance all figure into the 0.56% rate 3/02/2015 Bloomberg News agency. Contact ILO Regional Office for Asia and the Pacific United Nations Building, Rajdamnern Nok Avenue Bangkok 10200, Thailand Tel. In Singapore, the unemployment rate is usually higher in June, when fresh graduates enter the labour market and students look for vacation jobs.