Singapore records highest unemployment rate over the past decade
 |
| Resident unemployment rate rose to 3.9 percent in the second quarter from 3.3 percent in the preceding quarter. (Photo: Xinhua) |
Singapore – Singapore’s unemployment rate rose to 2.9 percent in the second quarter of 2020 from 2.4 percent in the preceding quarter, the highest level over the past decade, according to the country’s Ministry of Manpower (MOM).
The total employment (excluding foreign domestic workers) plunged more than 25 percent.
Resident unemployment rate rose to 3.9 percent in the second quarter from 3.3 percent in the preceding quarter.
In June only, 79,600 Singaporean citizens were unemployed.
All three broad sectors - manufacturing, services and construction – saw a sharp decline in employment in the second quarter.
According to the Singapore’s Ministry of Trade and Industry, its economy shrunk by 41.2 percent in the reviewed period.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Malaysia sets up clean energy exchange (April 16, 2024 | 16:59)
- Indonesia issues dengue fever warning to Bali tourists (April 16, 2024 | 16:53)
- Trade facilitation ahead with ASEAN-India deal upgrade (April 15, 2024 | 17:00)
- ASEAN strength to be built on with trade reforms (April 15, 2024 | 14:58)
- Malaysian airlines to charge carbon levy soon (April 15, 2024 | 09:21)
- Malaysia issues heatwave alert for 14 areas (April 15, 2024 | 09:12)
- China, Thailand forge alliance for moon exploration (April 15, 2024 | 08:00)
- Two Philippine navy pilots dead after helicopter crash (April 11, 2024 | 16:58)
- Singapore: E-commerce scams double in 2023 (April 11, 2024 | 16:55)
- Malaysia urges Meta, TikTok to curb harmful content (April 10, 2024 | 16:21)
Mobile Version