Quarterly Indicator Showing the Unemployment Rate as a Percentage of the Labor Force in Singapore
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The quarterly unemployment rate is an indicator that shows the proportion of unemployed individuals within Singapore's labor force. This data is published quarterly by the Singapore Department of Statistics and is crucial for assessing the health of the labor market.
An increasing unemployment rate suggests that the economy may be stagnating, with companies potentially holding back on hiring. Conversely, a decreasing unemployment rate indicates that the economy is expanding, with companies actively hiring. Policymakers use unemployment rate data to adjust monetary and labor market policies to stabilize the economy.
For example, if the unemployment rate is high, the central bank may consider lowering interest rates, and the government might introduce job creation programs. Conversely, if the unemployment rate is low, inflation risks may increase, prompting the central bank to consider raising interest rates. Additionally, the unemployment rate is an important indicator for businesses and investors, helping them assess economic prospects and formulate investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
