Singapore's jobless rate jumps in Q2, nearing financial crisis peak

Topics Coronavirus | Singapore | Lockdown

Singapore's jobless rate rose sharply in the second quarter to a new decade-high of 2.9%, provisional data showed on Wednesday, as the Covid-19 pandemic saw employment shrink in the services and construction sector. The overall unemployment rate climbed from 2.

4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009. ALSO READ: US weekly jobless claims rise to 1.4 mn as $600 benefit is set to expire Retrenchments were much higher between April and June at 6,700, compared.....

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