SINGAPORE (June 28): Some 5.2% of young Singapore residents aged 15 to 29 were unemployed in 2018 – more than double the unemployment rates faced by other age groups, according to statistics released by the Ministry of Manpower (MOM) in the latest first quarter labour market report.

Overall, 2.9% of residents were unemployed last year. Some 2.2% of residents in their 30s were unemployed, compared with 2.3% of residents in their 40s, and 2.6% of residents aged 50 and above.

In addition, only 84.4% of degree holders between the ages of 20 and 29 were employed, according to MOM data.

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