Singapore's unemployment rate holds steady at 2.6% in October: MOM
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE'S citizen and resident unemployment rates dipped slightly in October, while the overall unemployment rate remained stable from a month ago, the latest data from the Ministry of Manpower (MOM) showed.
Overall unemployment rate in October held steady from September at 2.6 per cent, MOM said in a report on Wednesday (Dec 1).
The unemployment rate for residents fell to 3.4 per cent from 3.5 per cent, while the unemployment rate for citizens dropped slightly to 3.6 per cent from 3.7 per cent.
In all, 80,000 residents here were unemployed in October, including 72,200 citizens.
Though unemployment rates continued to ease in October, MOM said they were still above the rates seen before the Covid-19 pandemic.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singapore tycoon seeks US$1 billion from banks over collapsed firm
Frasers Centrepoint Trust in talks to sell White Sands mall for over S$470 million
The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
