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Singapore's unemployment rate rises further in August, nearing 2008-2009 GFC levels

Amala Balakrishner
Amala Balakrishner10/7/2020 11:58 PM GMT+08  • 3 min read
Singapore's unemployment rate rises further in August, nearing 2008-2009 GFC levels
Singapore’s resident unemployment edged up 0.4 percentage points to 4.5% in August
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Singapore’s labour market is still under the weather from the Covid-19 health-turned-economic crisis, despite the resumption of activities such as in-person dining in at restaurants and in-store shopping.

Resident unemployment edged up 0.4 percentage points to 4.5% in August, the Ministry of Manpower (MOM) detailed in its weekly Jobs Situation Report released on Oct 7.

It noted that this was slightly higher than the 0.3 percentage point increase in July, when Singapore’s resident unemployment rate was 4.1%.

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