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August unemployment rate hits decade-high; worst is not over

Resident unemployment rate up 0.4 point from July to 4.5% in Aug

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Sharon See

Sharon See

Published Wed, Oct 7, 2020 · 09:50 PM

    Singapore

    SINGAPORE'S unemployment rate in August rose to its highest level in over a decade, and economists believe the worst is yet to be over.

    Resident unemployment rate, which includes Singaporeans and permanent residents, hit 4.5 per cent in August, a 0.4-percentage point increase from the previous month, according to data from the Ministry of Manpower (MOM) on Wednesday.

    Singapore economySingapore manpowerMinistry of ManpowerUnemployment

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