Table of Contents
Welcome to your comprehensive guide to the Singapore job market. Finding the right job or candidate requires solid data. We provide the latest statistics on employment, salaries, and economic indicators, empowering you to make informed decisions about your next career step or recruitment strategy in Singapore.
Job Market Overview: Employment Statistics in Singapore
Understanding Singapore's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 5.850.343 residents |
| Employment Rate | 78% (above OECD average) |
| Unemployment Rate | 1.93% (very competitive market) |
These Singapore employment statistics reveal a tight labor market where skilled professionals are in high demand. The 78% employment rate suggests strong job availability across sectors.
Living & Working in Singapore: Economic Insights
Before relocating or applying for jobs in Singapore, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 4.497,32 USD | 100% of U.S. average (similar) |
| Purchasing Power | 95.4 | strong compared to U.S. (100) |
With 95.4 purchasing power, salaries in Singapore provide comfortable living standards. The average monthly salary of 4.497,32 USD is particularly attractive in the Manufacturing sector.
Top Industries & Job Opportunities in SG
Singapore's thriving job market spans these key sectors:
| Leading Industry | Manufacturing (growing at 5% annually) |
| Emerging Sector | Electronics, Petrochemicals (25% of workforce) |
| Service Sector | Financial Services, IT (60% of GDP) |
| Major Employers | DBS Bank, Singapore Airlines, CapitaLand (hiring year-round) |
Job seekers should focus on Manufacturing for the most opportunities, while Electronics, Petrochemicals offers growth potential. Major companies like DBS Bank, Singapore Airlines, CapitaLand frequently post openings for skilled professionals.
Data Sources & Methodology
The statistical data (Population, Employment, Economic Indicators) used in this guide is compiled from the following authoritative sources:
- Employment & Economic Data: World Bank Indicators
- Cost of Living & Salaries: Numbeo Cost of Living Database
- Proprietary Data: Analysis derived from expert interviews and Cityjobs.info internal salary research.
Disclaimer: Data Volatility Note
We strive to update all statistics and figures annually. However, due to the nature of global economics, data like employment rates, exchange values, and average salaries can change rapidly due to political events, economic shifts, or unforeseen crises. Always verify critical figures with local governmental or financial institutions before making major decisions.
CityJobs bridges the gap between job seekers and employers in Singapore, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Singapore?
With a population of 5,850,343 and an employment rate of 78%, Singapore offers a competitive job market. The unemployment rate currently stands at 1.93%.
2. Which are the top companies in Singapore?
The leading employers in Singapore include DBS Bank, Singapore Airlines, CapitaLand. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Singapore?
The purchasing power ratio in Singapore is 95.4, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Singapore?
Search our listings filtered for Singapore. Focus on industries where DBS Bank, Singapore Airlines, CapitaLand are active, and consider that the 78% employment rate suggests moderate competition for positions.
5. What should I know about working in Singapore?
With DBS Bank, Singapore Airlines, CapitaLand as major employers, the job market tends to favor Electronics, Petrochemicals and Financial Services, IT.
