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Effects of Covid-19 on Singapore's workforce varied across sectors and ages; pace of increase in unemployment rate slowed in October

Amala Balakrishner
Amala Balakrishner12/3/2020 01:00 PM GMT+08  • 3 min read
Effects of Covid-19 on Singapore's workforce varied across sectors and ages; pace of increase in unemployment rate slowed in October
MOM notes that resident unemployment levels have rebounded to near pre-Covid levels in 3Q2020
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The impact of the Covid-19 pandemic on resident employment rate in Singapore has been varied across age groups, the Ministry of Manpower (MOM) reveals in its Labour Market Report on Dec 3.

The findings were deduced based on a comparison of employment rates at the height of the pandemic in June 2020 to that in June 2019.

In spite of curbs in operations of several sectors, the employment rate of residents aged 25 to 64 came in at 80.3% in June 2020, comparable to the 80.5% average rate seen in the last five years.

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