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Singapore's unemployment rate eases to 2.9% in March, but labour market not fully back to pre-pandemic levels: MOM

Amala Balakrishner
Amala Balakrishner4/28/2021 01:00 PM GMT+08  • 3 min read
Singapore's unemployment rate eases to 2.9% in March, but labour market not fully back to pre-pandemic levels: MOM
While unemployment rates have been falling steadily, they are still “elevated compared to pre-Covid-19 levels,” says MOM.
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Singapore’s unemployment continued to show signs of recovery, as the seasonally-adjusted rate eased by 0.1% points in March.

This brought the republic’s overall unemployment rate to 2.9% in March, lower than the 3.0% recorded in February. This was revealed in the preliminary numbers released in the Ministry of Manpower’s (MOM) Labour Market Report on Apr 28.

Unemployment among both residents and citizens had inched down, with that for residents hitting 4.0% in March, from 4.1% in February. Meanwhile, the rate for Singaporeans came in at 4.2%, down from 4.3% in February.

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