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. Why is Singapore’s non-seasonally adjusted unemployment rate typically higher in June compared to other periods of the year? : +66 2288 1234, Fax. Mariko Oi explores why youth unemployment in Singapore is so much lower compared with the US and Europe. For instance, Myanmar had only 0.8% unemployment in 2019, but … Claim: Because of U.S. President Donald Trump, America recorded the lowest unemployment rate in 50 years. That’s Thailand’s official unemployment rate as of the end of 2014. CNBC Reports Singapore was recently ranked second on the Economist Intelligence Unit's Safe Cities Index for 2017, coming in just behind Tokyo. This recurring seasonal variation happens every year. The unemployment rate in Singapore raised to around 4.38 percent in 2020 from 4.11 percent in the year before. 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. Having a low unemployment rate does not mean a country's economy is particularly strong. Why is Singapore's crime rate so low? Also worth mentioning is that in 2009, despite the global financial crisis, our unemployment rate stayed at a robust 3.0%. Unemployment rate for residents 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. It’s among the lowest in the world, and compares regionally with 9.4% in India and 6% in the Philippines. In Singapore, the unemployment rate is usually higher in June, when fresh graduates enter the labour market and students look for vacation jobs. ... Why Singapore's youth unemployment rate is so low. 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