Business Times Singapore Unemployment Rate

Q2 numbers to worsen as virus hits government economy the business times.

Business times singapore unemployment rate. 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. Plecher nov 3 2020 the unemployment rate in singapore raised to around 4 38 percent in 2020 from 4 11 percent in the year before. The last time the rate was 2 3 per cent was in december 2009.

For many economies this would be considered. Singapore s unemployment rate could reach around 4 per cent in 2020 as the country toils to contain the spread of the novel coronavirus with an extended circuit breaker that economists say could lead singapore lay offs may hit 100 000 in 2020 with unemployment at 4 5 government economy the business times. The resident unemployment rate for professionals managers executives and technicians pmets increased 0 6 per cent lower than the increase for non pmets up 1 7 percentage points from june 2019 to june 2020 as industries more severely impacted by covid 19 have a higher concentration of non pmets.

The business times unemployment find unemployment news headlines insight and analysis in singapore asia pacific global markets news at the business times. Singapore s overall unemployment rate in the third quarter rose to 3 6 the highest since 2004 reflecting the sustained challenges to its economy from the coronavirus pandemic. A median 3 7 was forecast in a bloomberg survey before the data friday from the ministry of manpower.

The overall seasonally adjusted unemployment rate crept up to 2 3 per cent in september up from 2 2 per cent in june. 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 singapore q1 unemployment rate up to 2 4. Resident unemployment rate which includes singaporeans and permanent residents hit 4 5 per cent in august a 0 4 percentage point.

Singapore s seasonally adjusted unemployment rate rose sharply to 3 6 percent in the september quarter of 2020 from 2 8 percent in the previous period a preliminary estimate showed. This was the highest jobless rate since the june quarter of 2004 as the covid 19 crisis took a huge toll on the economy.