Singapore Q3 unemployment hits 10-year high

Singapore

OVERALL unemployment in Singapore crept up in the third quarter of this year to the highest level since 2009, as more workers were retrenched. At the same time, employment growth shot up to the highest level since 2014.

This was the mixed picture painted by the latest preliminary figures on jobs released by the Manpower Ministry (MOM) on Thursday.

The overall seasonally-adjusted unemployment rate crept up to 2.3 per cent in September, up from 2.2 per cent in June. The last time the rate was 2.3 per cent was in December 2009.

The…