You are here

VIRUS OUTBREAK

Singapore Q1 unemployment rate up to 2.4%; Q2 numbers to worsen as virus hits

Economist sees employment shrinking by 80,000-100,000 in Q2 as circuit breaker measures only began in April

rk_RobinsonRd_300420.jpg
Singapore's total employment for the first three months of 2020 registered its sharpest quarterly contraction in 17 years amid the novel coronavirus outbreak, and authorities warned the labour market in the months ahead could soften further.

Singapore

SINGAPORE'S total employment for the first three months of 2020 registered its sharpest quarterly contraction in 17 years amid the novel coronavirus outbreak, and authorities warned the labour market in the months ahead could soften further.

Estimates released by the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes